Nando's Restaurant, 3 High Street Bedford Bedfordshire MK40 1RN

Nando's Restaurant, 3 High Street
Bedford
Bedfordshire
MK40 1RN

Prime Restaurant Investment

Ground floor let to Nando's Chickenland Ltd until 2024
Prominent corner position in town centre location
Approximately 130 metres from Harpur Shopping Centre
Nearby occupiers include McDonald's, Bathstore.com, Ladbrokes, Wilkinson and The Bedford Corn Exchange
Six Week Completion Period Available

Lot
14
Auction
26th May 2011
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£585,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Prime Restaurant Investment

Ground floor let to Nando's Chickenland Ltd until 2024
Prominent corner position in town centre location
Approximately 130 metres from Harpur Shopping Centre
Nearby occupiers include McDonald's, Bathstore.com, Ladbrokes, Wilkinson and The Bedford Corn Exchange
Six Week Completion Period Available

Lot 14
Auction 26th May 2011
Rent £40,000 per Annum Exclusive
Status Sold
Price £585,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 21 miles south-east of Northampton, 28 miles west of Cambridge
Roads: A6, A421, A428, A1(M), M1 (Junction 13), M11 (Junction 14)
Rail: Bedford Railway Station, Bedford St John's Railway Station
Air: Luton Airport

Situation

The property is situated in a prominent corner location on the eastern side of High Street (A6), at its junction with The Embankment some 130 metres from Harpur Shopping Centre. Nearby occupiers include McDonald's, Bathstore.com, Ladbrokes, Wilkinson and The Bedford Corn Exchange.

Tenure

Virtual Freehold. Held for a term of 999 years from completion

Location

Miles: 21 miles south-east of Northampton, 28 miles west of Cambridge
Roads: A6, A421, A428, A1(M), M1 (Junction 13), M11 (Junction 14)
Rail: Bedford Railway Station, Bedford St John's Railway Station
Air: Luton Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from completion

Description

The property comprises a ground floor restaurant with ancillary and storage accommodation. The property benefits from a return frontage onto The Embankment and two parking spaces to the rear of the property.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Restaurant/Ancillary/ Storage	208 sq m	(2,248 sq ft)	NANDO’S CHICKENLAND LIMITED (1)	20 years from 27/05/2004 until 26/05/2024 on a full repairing and insuring lease	£40,000	27/05/2009 and five yearly thereafter
Totals		208 sq m	(2,248 sq ft)			£40,000

(1) For the year ending 28th February 2010, Nando’s Chickenland Limited reported a turnover of £278,753,000, pre-tax profits of £23,872,000 and a total net worth of £42,389,000. (Source: www.riskdisk.com 02/03/2011)