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Freehold Retail Shop Investment plus 6 Apartments above- Bedford Town Centre

For sale: £775,000.00|1,890 Sq Ft|Flat, General Retail, Residential, Retail

Property details

FOR SALE£775,000.00
SIZE1,890 Sq Ft
ADDRESS29-31 St. Peters Street, Bedford, Bedfordshire, MK40 2PN
TYPEFlat, General Retail, Residential, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON12th July 2020

Description

Address: 29-31 St Peters Street Bedfordshire MK40 2PN
• Prominent Location in town centre
• Occupiers opposite are Pizza Express and Lidl • Comprising a ground floor shop and 6 apartments
• No VAT applicable
• 6 Car parking spaces
LOCATION
Bedford is located 50 miles north of London between the A1 and M1 Motorway. The town is well served by rail connections with frequent services to London St Pancreas in 35 minutes.
SITUATION
The property is situated in the town centre on the south side of St Peters Street opposite Pizza Express and close to a Lidl Supermarket and car park
DESCRIPTION
The property is arranged on ground floor and two upper floors to provide a ground floor shop with 6 flats above which are accessed via a separate entrance on St Peters Street. There are 6 car parking spaces to the rear
ACCOMMODATION
Shop Frontage 37 ft, Built Depth 58 ft, Ground Floor : 1890 sq. ft
Flat 1: 275 sq. ft, Flat 2: 435sq ft, Flat 3: 375 sq. ft, Flat 4: 275 sq. ft, Flat 5:475 sq. ft, and Flat 6: 360 sq ft
TENANCY
Ground floor shop let to Blue Glass Bedford Limited for a term of 12 years from 1 February 2019 at a rent of £20,000 per annum, with a rent review every 4th year. The tenant has an option to break in 2025 and 2027.
The tenant has the benefit of half rent until 31 January 2021, which the vendor will top up on completion
The flats are let on AST’S Totaling £37,560 per annum
RENT: £57,560 pa VAT: Not Applicable TENURE: Freehold
PRICE: Offers in excess of £ 775, 000-7% NET

Location

marker
Location: 29-31 St. Peters Street, Bedford, Bedfordshire, MK40 2PN

Bedford St Johns (0.6 miles)

Bedford (0.6 miles)

Kempston Hardwick (3.5 miles)

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