LOCATION
The property is located in a prominent position on the corner of Church Road and Elm Road (B474) in the centre of Penn.
Penn is a mainly residential location with a selection of pubs and retail, situated 4 miles from both Beaconsfield and High Wycombe town centres, which both provide a wide range of shopping and leisure facilities, as well as the main road and rail links.
What3Words Location: ///CONSOLES.LIGHT.ALLIES
DESCRIPTION
The commercial parts of the premises comprise two areas separated by a lobby, kitchen and WCs. Capable of occupation as a whole or as two units, sharing the facilities, or suitable for conversion to residential, subject to planning. The following approx. net internal areas apply:
Dolls House: 312 ft2 (29 m2)
Lobby and kitchen: 126 ft2 (11.7 m2)
The Studio: g/f: 378 ft2 (35.1 m2)
Mezz: 94 ft2 (8.7 m2)
Total: 910 ft2 (84.5 m2)
The Lofthouse, situated above the commercial, consists of two floors with 2/3 bedrooms, 1 bathroom, 1 shower room, a large sitting room and a kitchen. The Lofthouse also has exclusive use of the rear courtyard with parking (currently 2 spaces). It is presently let on an assured shorthold tenancy at £1,450pcm.
ENERGY PERFORMANCE CERTIFICATE
Commercial: Rating E (125)
Residential: Rating D (62)
TERMS
The freehold interest is offered with vacant possession of the ground floor and mezzanine, and with transfer of ownership of the long-leased upper parts, effectively providing freehold ownership of all.
PRICE
Offers are invited in the region of £795,000 to be apportioned between the freehold and long-leasehold interests. We are informed that VAT is not applicable to the purchase price.
BUSINESS RATES
The commercial part of the property currently has a Rateable Value in the 2023 Rating List of £12,750. Rates payable for 2023/2024 tax year are approx. £6,375 before substantial small business rates relief which may leave rates payable for this tax year of just £600, subject to your business qualifying. Further details on application or from Buckinghamshire Council - 01895 837540 ( Agency Pilot Software ref: 387 )
