freehold retail investment - Realla
01234 341 311 www.stimpsonseves.co.uk
47-49 High Street, Bedford, MK40 1RY
FREEHOLD RETAIL INVESTMENT Location The historic market town of Bedford with its attractive riverside frontage is centrally located to London, Oxford, Cambridge and Milton Keynes. Bedford is located approximately 50 miles north of London, 10 miles east from junction 13 of the M1 motorway accessed via the A421, and within 9 miles west of the A1 via the A428 and A603. Bedford High Street comprises of a variety of national local and niche retailers with good daytime and evening trade Description Accommodation An opportunity to acquire this freehold investment Net internal: Thetwo premises areretail located in alocated prominent on Bedford's main High Street. of separate units on aposition prominent 47 High Street end of the high street. Retail Space: WC and storage facilities to both units. 47 High Kitchen/Staff Room: Street further benefits from kitchen facilities and 49 High Street staff room. 49 High Street further benefits from a Retail Space: basement. Storage: Price £500,000 for the Freehold Investment
60 sq m (645.80 sq ft) 12.75 sq m (137.23 sq ft)
67.25 sq m (723.91 sq ft) 14.18 sq m (152.70 sq ft)
01234 341 311 www.stimpsonseves.co.uk 47-49 High Street, Bedford, MK40 1RY
Lease Details 47 High Street is currently let on a 5 year lease expiring 04/12/19 at an initial rent of £15,000 rising to £16,000 per annum exclusive from 05/12/17. This also includes a break clause at the end of the third year subject to six months prior written notice. 49 High Street is currently let with a term of 5 years expiring 06/04/19 at a rent of £16,500 per annum, increasing to £17,250 per annum on 07/04/16, with a break clause at the end of the third year subject to six months prior notice. Rates 47 High Street: £12,000 49 High Street: £13,250 The rates payable may be affected by transitional arrangements. Interested parties should call the local Rating Authority for further advice. Costs Each party is to be responsible for their own legal costs. VAT All figures are quoted exclusive of VAT, purchasers and lessees must satisfy themselves as to the applicable VAT position, seeking appropriate professional advice. EPC The EPC rating for the property is F - 126 Viewing Strictly by appointment only please contact: Giles Ferris BSc (Hons) MRICS
[email protected]
Joshua Parello
[email protected]
www.stimpsonseves.co.uk
1 Lurke Street, Bedford, MK40 3TN T: 01234 341311
Stimpsons Eves is the trading name of Stimpsons Eves Limited Registered in England & Wales. Company Reg. no; 6512125 whose registered address is Northwood House, 138 Bromham Road, Bedford. MK40 2QW Note: Messrs. Stimpsons Eves for themselves and for vendors or lessons of this property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchases or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchases or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Stimpsons Eves has any authority to make or give any representation or warranty whatever in relation to this property.
47-49 High Street, Bedford, MK40 1RY
FREEHOLD RETAIL INVESTMENT Location The historic market town of Bedford with its attractive riverside frontage is centrally located to London, Oxford, Cambridge and Milton Keynes. Bedford is located approximately 50 miles north of London, 10 miles east from junction 13 of the M1 motorway accessed via the A421, and within 9 miles west of the A1 via the A428 and A603. Bedford High Street comprises of a variety of national local and niche retailers with good daytime and evening trade Description Accommodation An opportunity to acquire this freehold investment Net internal: Thetwo premises areretail located in alocated prominent on Bedford's main High Street. of separate units on aposition prominent 47 High Street end of the high street. Retail Space: WC and storage facilities to both units. 47 High Kitchen/Staff Room: Street further benefits from kitchen facilities and 49 High Street staff room. 49 High Street further benefits from a Retail Space: basement. Storage: Price £500,000 for the Freehold Investment
60 sq m (645.80 sq ft) 12.75 sq m (137.23 sq ft)
67.25 sq m (723.91 sq ft) 14.18 sq m (152.70 sq ft)
01234 341 311 www.stimpsonseves.co.uk 47-49 High Street, Bedford, MK40 1RY
Lease Details 47 High Street is currently let on a 5 year lease expiring 04/12/19 at an initial rent of £15,000 rising to £16,000 per annum exclusive from 05/12/17. This also includes a break clause at the end of the third year subject to six months prior written notice. 49 High Street is currently let with a term of 5 years expiring 06/04/19 at a rent of £16,500 per annum, increasing to £17,250 per annum on 07/04/16, with a break clause at the end of the third year subject to six months prior notice. Rates 47 High Street: £12,000 49 High Street: £13,250 The rates payable may be affected by transitional arrangements. Interested parties should call the local Rating Authority for further advice. Costs Each party is to be responsible for their own legal costs. VAT All figures are quoted exclusive of VAT, purchasers and lessees must satisfy themselves as to the applicable VAT position, seeking appropriate professional advice. EPC The EPC rating for the property is F - 126 Viewing Strictly by appointment only please contact: Giles Ferris BSc (Hons) MRICS
[email protected]
Joshua Parello
[email protected]
www.stimpsonseves.co.uk
1 Lurke Street, Bedford, MK40 3TN T: 01234 341311
Stimpsons Eves is the trading name of Stimpsons Eves Limited Registered in England & Wales. Company Reg. no; 6512125 whose registered address is Northwood House, 138 Bromham Road, Bedford. MK40 2QW Note: Messrs. Stimpsons Eves for themselves and for vendors or lessons of this property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchases or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchases or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Stimpsons Eves has any authority to make or give any representation or warranty whatever in relation to this property.
