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For Sale£700,000.00

30 The Broadway, Bedford, MK40 2TH

Retail - High Street, Land, Other, Land, Retail, Commercial Land, Other Property Types & Opportunities , 4361.14 Sq Ft
Property type: Retail - High Street, Land, Other, Land, Retail, Commercial Land, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 4361.14 Sq Ft
Price: £700,000.00
Location: 30 The Broadway, Bedford, MK40 2TH

The property has planning permission granted for conversion of the ground floor area from a night club (suis
generis) to A1 retail and the remaining space into 8, one
bedroom residential flats as detailed on the planning
reference 14/02875/FUL. All conditions have been discharged and detailed drawings are being finalised.
A copy of the granted plansare available on request.

The premise comprises a three storey building with basement area. The property's history mainly lies as a nightclub but the ground and first floor space
are currently occupied by a games company operating a club / private functions with a licensed bar. The top floor is rented separately to an individual as storage currently occupied on a rolling monthly basis.

Floor Area Sq M Sq Ft
Ground Floor 184.2 1,983
First Floor 163.1 1,755
Second Floor 33.84 364.2
Basement 22.9 246

Total 404.04 4,348.2

The premise is available for sale freehold at a price of £700,000. An added incentive of the purchase is the opportunity to split the purchase price, with £450,000 payable on completion and a deferred £250,000 paid within 12 months of that date.

Other additional benefits included within the sale price:Scaffolding (leased)
CIL is registered
All bathroom suites acquired
Building regulations
First floor already stripped out

The ground floor is currently let to a games company on a 3 year lease dated October 2016 at an annual rent £18,600.

There is a mutual break option annually subject to 3 months notice.

The second floor storage area is currently let on a rolling monthly basis at £440 pcm.
( Agency Pilot Software Ref: 102959 )
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