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Agent's details

Midland Road , Bedford , Bedfordshire , MK40

For sale: £1,175,000.00|7,350 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£1,175,000.00
SIZE7,350 Sq Ft
ADDRESSMidland Road , Bedford , Bedfordshire , MK40
TYPEOther, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON24th July 2021

Description

117 Midland Road is located on the edge of Bedford Town Centre and is a mixed use investment property that is being offered for sale. The property comprises 9 HMO rooms, 4 separate flats, a retail unit and a workshop which is currently vacant and has planning consent to convert to two 2 bedroom flats and two 1 bedroom flats. The property also benefits from a courtyard parking area. The property details and sizes are set out below.

117a Midland Road -Retail Unit -56.7 sq mt/ 611 sq ft
Rear Workshop -Workshop (Planning consent for 4 flats)-104.4 sq m / 1,124 sq ft.
Flat A, Fairfax House -3 HMO Rooms-72 sq mt/ 755 sq ft
Flat B, Fairfax House -2 HMO Rooms -40 sq mt/ 431 sq ft
Rooms A,B,C and D Fairfax House -4 HMO Rooms -138 sq mt/ 1,485 sq ft
Flat 1, 2a Alexandra Road-2 Bedroom self contained Flat -36 sq mt/ 388 sq ft
Flat 2, 2a Alexandra Road-2 Bedroom self contained Flat-43 sq mt/ 463 sq ft
Flat 3, 2a Alexandra Road-First Floor Studio Flat -43 sq mt/ 463 sq ft
Flat 4, 2a Alexandra Road-First Floor 1 Bedroom Flat-32 sq mt/ 344 sq ft

All the properties apart from the workshop are currently tenanted and if required we can provide a link to our dataroom which has the full details of the tenancies. The below summarises the rent received as of May 2021 for the units:

117a Midland Road-Business Tenancy (Currently holding over) -£11,040 per annum
Rear Workshop -N/A -N/A
HMO Room 1 -Assured Shorthold Tenancy (AST) -£5,460
HMO Room 2 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 3 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 4 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 5 -Assured Shorthold Tenancy (AST)£5,460
HMO Room 6 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 7 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 8- Assured Shorthold Tenancy (AST)- £3,900
HMO Room 9 -Assured Shorthold Tenancy (AST)-£5,460
Flat 1, 2a Alexandra Road -Assured Shorthold Tenancy (AST)-£6,960
Flat 2, 2a Alexandra Road-Assured Shorthold Tenancy (AST)-£7,200
Flat 3, 2a Alexandra Road-Assured Shorthold Tenancy (AST) -£6,000
Flat 4, 2a Alexandra Road-Assured Shorthold Tenancy (AST)-£6,000

The whole property has a site area of 683 sq m / 7,350 sq ft.


( Agency Pilot Software Ref: 350 )

Location

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Location: Midland Road , Bedford , Bedfordshire , MK40

Bedford (0.2 miles)

Bedford St Johns (0.5 miles)

Kempston Hardwick (3.1 miles)

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