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"In the centre of town is this freehold retail and office building, suitable for a variety uses perhaps owner occupier retail or office. Planning consented for residential conversion too.

Description

The property is a freehold three storey Victorian end terrace which has been extended on the ground and first floors, occupying a convenient position on West Street in the centre of this thriving town. Built in the 1860s as a private residence, it was subsequently converted to office use in the 1960s. It is currently used as a retail unit to the ground floor and office suites to the first and second floor. There are shared kitchen and cloakroom facilities on the first floor. To the rear of the unit there is a long south facing garden, securely enclosed to the sides and rear which provides a lovely entertainment space.

The property is to be sold with full vacant possession and offers considerable versatility to a prospective buyer. Its current use could be continued or the top two floors could be converted to residential with the ground floor continuing as a shop premise ideal for those wishing to run a business whilst living above the shop or to generate a useful rental income. It currently has planning permission under permitted development for conversion to create a three bedroom town house with 2000 square feet of accommodation. Equally the accommodation could be configured to provide a self contained apartment to the ground floor with a larger two bedroom maisonette to the two upper floors.

All change of uses are subject to obtaining the usual planning consents.

Location

West Street is a street of mixed buildings, mostly mixed use retail, office and restaurants to the northern end at its junction with High Street and becoming intermingled with residential building as it heads away from the centre.

This building is on the vibrant West Street about 160m from the High Street, adjacent to and opposite a variety of occupiers including motor retail, Cote Brasserie, a hairdresser and insurance brokerage. There are also residential homes along the street and opposite this unit.

Marlow town more generally offers a superb range of shops, with an eclectic mix of local independent and national retailers. There are numerous bars, cafes and restaurants dotted around the town offering destinations for any occasion. The town itself is situated on the banks of the River Thames and the Thames Path follows the river through the town.

Just outside the town, the area opens out to glorious rolling countryside and a designated Area of Outstanding Natural Beauty. Outdoor pursuits are numerous, as are golf, football, cricket and rugby clubs.

For commuters, the town has a train station to Paddington via Maidenhead and the M4 and M40 motorways are accessed from the A404 M which passes the town.

A comprehensive range of private and state schooling options, both primary and secondary, in the area include Sir William Borlase s Grammar School which is half a mile away, Great Marlow School and many private options in the surrounding area.

Square Footage 2,049 sq ft



Directions

From the top of Marlow s High Street at the war memorial roundabout take the first turning on to West Street. Head along the road for about 160 metres where the building can be found on the left hand side of the road.

Additional Info

The seller believes that the Gross commercial income achievable in the current market is believed to be in the region of £42,000 p.a., representing an initial yield of 4.67%. This comprises £22,000 for the shop, with use of the garden, and £20,000 for the offices.

Wycombe Council. Rateable values

Ground Floor £19,250
First Floor Rear £4,500
First Floor Front £2,300
Second Floor £3,300

Therefore rates payable assumed at 49.9% £14,645.65"