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

  • Nando's Restaurant, 3 High Street<br>Bedford<br>Bedfordshire<br>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

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

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

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.

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)

Contacts

Seller's Solicitors
Michael Conn Goldsobel 24 Queen Anne Street
London
W1G 9AX
+44 (0)20 7580 9145
Sivan Gelb +44 (0)20 7580 8902 sivang@mcglex.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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