FOR SALE – Freehold Investment Opportunity Bedford Town Centre Location
Excellent access to the A6, A600 and A603
Bedford Railway Station approx. 1.0 mile Comprising 4 Self Contained Retail Units & Ground Rent Income from 24 Residential Apartments Freehold: Offers In The Region of £900,000 exclusive
Castle Gate, 12-20 Castle Lane, Bedford, MK40 3US
Location • The property is located on Castle Lane which is situated immediately off Bedford High Street in the heart of the Town Centre • Excellent access to the A6, A600 and A603 Description • This freehold investment opportunity comprises of 4 retail units and the ground rent income from 24 residential units • The property is situated immediately adjacent to Bedford High Street in an area popular for specialist retailers and restaurants and residential properties, many of which have been constructed/converted in the last 10 years, and known as Castle Quarter
Specification • 4 Self-Contained Retail Units • Residential Ground Rents From 24 Apartments • Prime Town Centre Location • EPC Rating – Available Upon Request
Terms • Freehold: Offers in the region of £900,000 exclusive • Service charge: Applicable • VAT: Applicable at the appropriate rate • The premises are to be sold freehold
Residential Apartments Business Rates/Council Tax • 24 residential apartments located at Castle Gate, 16 Castle Lane, Bedford • Sold on 999 year leases • Ground rent of £100 per annum per unit
• See details for each unit Interested parties are advised to make their own enquiries
Viewing Andrew Clarke 01234 905130
[email protected] Nathan George 01234 905134
[email protected] Retail Unit
Retail Unit
Retail Unit
12 Castle Lane Bedford
14 Castle Lane Bedford
18 Castle Lane Bedford
• Let to Hidden Hearing • 10 years from 09/11/2007 • Rent £23,000 per annum exclusive • Rateable Value £20,000
• Let to Mr Nahibur Alom • 10 years from 09/09/2011 • Rent £7,600 per annum exclusive until 08/09/2015 then £7,800 per annum for 09/09/15-08/09/16 there will then be a rent review • Rateable Value £TBA
• This unit will become vacant on September 2015 and is offered on a new lease at a rental of £14,000 per annum exclusive • Rateable Value £12,750
Retail Unit 20 Castle Lane Bedford • Let to Mr Nahibur Alom • 5 years from 05/01/2011 • Rent £9,000 per annum exclusive • Rateable Value £7,700