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29-33 Portfields Rd
Newport Pagnell MK16 8BL
Retail Property For Sale · 2,401 SF
Investment Highlights
- Commercial and residential elements
- On street parking close by
- Ground floor retail shop with steady tenant
Executive Summary
The property has three residential flats, each achieving a consistent rental income of £875 per calendar month, with the option to extend the current tenancy agreement for a further 3 years. These modern living spaces are in high demand among tenants seeking comfortable accommodation within the vibrant community of Newport Pagnell. With a combined and potential rental income of £3,275 per calendar month, this commercial property offers a compelling investment proposition for discerning investors seeking stable returns in an attractive market. The diversified income streams from both residential and retail sectors ensure resilience and long-term profitability
PROPERTY FACTS
| Unit Size | 1,096 SF | Building Class | C |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 2,401 SF | Typical Floor Size | 2,401 SF |
| Property Type | Retail (Condo) | Year Built | 1975 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.09 AC |
| Sale Type | Investment |
| Unit Size | 1,096 SF |
| No. Units | 1 |
| Total Building Size | 2,401 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,401 SF |
| Year Built | 1975 |
| Lot Size | 0.09 AC |
1 Unit Available
Unit 29
| Unit Size | 1,096 SF | Tenure | Freehold |
| Condo Use | Retail | Cap Rate | 7.15% |
| Sale Type | Investment | NOI | $71,008.42 CAD |
| Unit Size | 1,096 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.15% |
| NOI | $71,008.42 CAD |
Description
The ground floor is a retail unit with use class E and is a spacious retail unit, perfectly positioned to attract foot traffic from both residents and visitors.
Sale Notes
This retail space generates a reliable monthly income of £650, catering to the diverse needs of the local market. The property has three residential flats, each achieving a consistent rental income of £875 per calendar month totalling £3,275 per month.
Amenities
- Bus Line
- Commuter Rail
- Energy Performance Rating - D
