Church Street, Wolverton, Milton Keynes, MK12

A great investment opportunity to acquire a freehold mixed use commercial premises comprising a restaurant as well as a self contained one bedroom flat to the ground floor and another one bedroom flat on the first floor. Wolverton is a thriving railway town located to the north of Milton Keynes, approximately 16 miles from Northampton, 19 miles from Bedford and 3.4 miles from Central Milton Keynes. Market takes place on the first Sunday of every month. Wolverton also boasts an array of specialist shops, restaurants and historic buildings.

RESTAURANT 25'7' x 13'2' (7.80m x 4.01m)
Entered via glazed entrance door . Seating area with table and chairs. Wooden floor. Spotlights to ceiling. Kitchen and preparation area to the rear.

KITCHEN AREA
Double drainer sink unit with mixer tap. Stainless steel work surfaces with extractor hood above. Door to:

REAR STORAGE AREA
Door to communal hallway. Door to:

STAFF TOILET
Pedestal wash hand basin with mixer tap. Low level w.c.

COMMUNAL REAR HALLWAY
Stairs rising to flat B. Door to flat A and restaurant. Door to rear garden.

GROUND FLOOR FLAT (A)
LOUNGE/DINING/KITCHEN AREA 15'0' x 9'2' (4.57m x 2.79m)
UPVC double glazed window to side aspect. Fitted with a range of units with worktop surfaces. Single drainer sink unit with mixer tap and cupboard below. Integrated electric hob, oven and extractor hood. Tiled splash backs. Plumbing for washing machine. Wall mounted electric heater. Laminate flooring. Wall mounted gas water boiler. Further electric radiator. Door to:

BEDROOM 13'9' x 8'10' (4.19m x 2.69m)
Wall mounted electric heater. UPVC double glazed window to side aspect. Door to:

SHOWER ROOM
Shower cubicle with fitted shower. Pedestal wash hand basin with mixer tap. Low level w.c. Extractor fan. Frosted UPVC double glazed window to rear aspect.

FIRST FLOOR FLAT (B)
LOUNGE/DINING/KITCHEN AREA 13'5' x 13'3' (4.09m x 4.04m)
Fitted with a range of base units with worktop surfaces and tiled splash backs. Single drainer sink unit with mixer tap. Wall mounted gas hot water boiler. UPVC double glazed window to rear. Sky light. Free standing electric cooker with extractor hood above. Steps down to storage area with plumbing for washing machine.

BEDROOM 13'3' x 9'6' (4.04m x 2.90m)
UPVC double glazed window to front aspect.

SHOWER ROOM 6'9' x 5'10' max (2.06m x 1.78m)
Shower cubicle with fitted shower and tiled surround. Pedestal wash hand basin with mixer tap. Low level w.c. Ceramic tiled floor. Shave point. Extractor fan. Frosted UPVC double glazed window to rear aspect.

OUTSIDE
Courtyard area with paved path and gated rear access to all units.

DETACHED GARAGE
Access via up and over door.

TERMS & TENURE
The property is for sale on a freehold basis at a figure of offers over ?395,000.

AGENTS NOTES
We have been advised by the owner that the restaurant is currently let on a 10 year lease commencing February 2025 at a rental of ?13,800 per annum and trading as The HK Flavour Oriental Restaurant.
The ground floor flat is let via Tri Capital Housing Assossiation at a rental of ?900 per month.
The first floor flat is let under a Shorthold tenancy agreement at a rental of ?795.
Large detached garage (350sq.ft) is currently empty, previously achieving a rent of ?220 per month.


TOTAL RENT
The total rental income is ?34,140 per annum.

COUNCIL TAX
Flats A & B - Band A

MAKING AN OFFER
? We are required to see written confirmation of a mortgage agreement in principle from the proposed lender or a bank statement, if you are a cash buyer.
? Under Money Laundering Regulations, intending purchasers will be asked to produce photo identification documentation and proof of address and we would ask for your co-operation in this matter. We may also carry out an online identity check, this is not a credit check.
? These particulars do not constitute part or all of a contract.
? All measurements are approximate and potential buyers are advised to recheck the measurements before committing to any expense.
? Avenues has not tested any apparatus, equipment, fixtures, fittings or services and it is in the buyers interests to check the working condition of any appliances.
? Avenues has not sought to verify the legal title of the property and the buyers must obtain verification from their Solicitor.
? Avenues reserve the right to offer a range of other services, which include financial and conveyancing services, from which we may derive other commission or fees.
? Inspection strictly by prior appointment through Avenues.