, 18-22 St John Street, Newport Pagnell, MK16 8HJ | Property for sale | Savills
5,863 sq ft(544.69 sq m)
£500,000

18-22 St John Street, Newport Pagnell, MK16 8HJ

  • Under offer
  • Freehold
Development land
5,863 sq ft (544.69 sq m)

Key features

  • Freehold
  • Town centre location
  • Prominent roadside position fronting St Johns Street
  • Car park to the rear elevation
  • Significant development potential (STP)
  • Excellent connectivity in close proximity to the M1
  • Planning permission obtained in August 2019 to significantly extend the property (since lapsed)
  • GIA - 544.8 Sq M (5,863 Sq Ft)
  • Site area - 1,014 Sq M (0.25 acres)
  • Offers in excess of £500,000, plus VAT if applicable

Prominent former public house and office situated in attractive Buckinghamshire Town.

About this property

  • Description
    The property comprises of two adjoining buildings both of which are three storey under pitched roofs. 18-20 St John Street, which was most recently a public house, has a separate detached building to one side and a yard area to the side and rear. To the rear of 22 St John Street, which is currently in office use, is an area currently used for car parking and capable of accommodating approximately 10 vehicles.

    Tenure
    Freehold. The office accommodation at 22 St John Street is currently let to Michael J Emery & Co Limited (Company No: 06422325) until 19 March 2027 at a current rent of £13,500 per annum rising to £14,500 per annum on 20 March 2024. There is a tenant only break option on 20th March 2024 subject to 6 months notice.

    Rateable Value
    2023 Rateable Value

    18-20 St John Street: £16,750
    22 St John Street: £14,000

    EPC
    An EPC is in the course of preparation.

    Planning
    The properties are Grade II Listed and located within Newport Pagnell Conservation Area.

    Planning permission was granted in August 2019 (planning application 19/01976/LBC) for listed building consent to convert the Restaurant/Wine Bar (A3/A4 use) to Public House/Restaurant (A3/A4 use) together with extensions and alterations but has since lapsed. The proposed scheme would have extended the pub building to 784.8 Sq M (8,448 Sq Ft). Further details can be found on Milton Keynes City Council’s website using the following (https://publicaccess2.milton-keynes.gov.uk/online-applications/applicationDetails.do?previousCaseType=Property&keyVal=PVT0VBKWKI100&previousCaseNumber=001IWD00BU000&previousCaseUprn=000025073215&activeTab=summary&previousKeyVal=001JEV00LI000). This planning permission has since lapsed

    Fixtures and Fittings & Stock
    Fixtures and fittings have already been removed from the property.

    Viewings & Terms
    The property is currently closed so all formal viewings must be arranged through the joint selling agents Savills and CBRE.

    Offers in excess of £500,000, plus VAT, if applicable are invited for the benefit of our client’s freehold interest.

Local information

  • Newport Pagnell is an attractive town in Buckinghamshire situated approximately 15.2 miles south east of Northampton and 14.3 miles south west of Bedford. The town is well connected, located 2.5 miles south of junction 14 of the M1 and is served by regular bus connections into Northampton, Milton Keynes and Bedford.
  • The property occupies a prominent roadside position fronting St John Street. Surrounding properties are predominantly commercial in nature with occupiers including Giant, Boyle Sport Bookmakers and Michael Graham Estate Agents. Newport Pagnell Library is diagonally opposite.

Available space

Namesq ftsq m
Ground - 18-20 St John Street2,200204.39
1st - 18-20 St John Street1,550144
2nd - 18-20 St John Street42339.30
Basement - 18-20 St John Street12911.98
Ground - 22 St John Street54850.91
1st - 22 St John Street56552.49
2nd - 22 St John Street34431.96
Basement1049.66