Units G & H Bedford Business Centre Mile Road Bedford Bedfordshire MK42 9TW

Units G & H Bedford Business Centre
Mile Road
Bedford
Bedfordshire
MK42 9TW

Virtual Freehold Office Investment

Let to Meller Design Solutions Limited on a five year lease renewal (subject to option)
Tenant in occupation of Unit H since at least 2008
Benefits from on-site parking
Situated on well located and established business park

Lot
85
Auction
19th October 2017
Rent
£69,543 per Annum Exclusive
Status
Sold
Price
£745,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Virtual Freehold Office Investment

Let to Meller Design Solutions Limited on a five year lease renewal (subject to option)
Tenant in occupation of Unit H since at least 2008
Benefits from on-site parking
Situated on well located and established business park

Lot 85
Auction 19th October 2017
Rent £69,543 per Annum Exclusive
Status Sold
Price £745,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 1 mile south-east of Bedford town centre, 17 miles north-east of Milton Keynes, 28 miles south-west of Cambridge
Roads: A5134, A600, A421, A6, M1 (Junction 13)
Rail: Bedford and Bedford St Johns Railway Stations
Air: London Luton Airport

Situation

Business Park, which is strategically located 1 mile southeast of Bedford town centre on Mile Road (A5134), which connects the A6 and the A421, which in turn provides access to the M1 and national motorway network. Nearby occupiers include Travis Perkins, Brewers, SIG Plc, European Oat Millers, Plumbase and the adjacent Bedford Academy.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion of the sale at a peppercorn rent.

Location

Miles: 1 mile south-east of Bedford town centre, 17 miles north-east of Milton Keynes, 28 miles south-west of Cambridge
Roads: A5134, A600, A421, A6, M1 (Junction 13)
Rail: Bedford and Bedford St Johns Railway Stations
Air: London Luton Airport

Situation

Tenure

Virtual Freehold. To be held for a term of 999 years from completion of the sale at a peppercorn rent.

Description

The property comprises two adjoining office buildings arranged over ground and first floors, benefiting from suspended ceilings, recessed Cat II lighting, central heating and the right to park 35 cars to the front and rear of the buildings.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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	Reversion
Ground First	Office Office	357.87 sq m 374.60 sq m	(3,852 sq ft) (4,032 sq ft)	MELLER DESIGN SOLUTIONS LIMITED (1)	5 years from 31/03/2017 on a full repairing and insuring lease (2)	£69,543	30/03/2022
Totals		732.47 sq m	(7,884 sq ft)			£69,543

(1) For the year ending 31st December 2016, Meller Design Solutions Limited reported a turnover of £21,236,894, pre-tax profits of £1,470,170 and a total net worth of £5,639,088 (Source: www.riskdisk.com 29/08/2017).
(2) The lease provides for a tenant option to determine on 30th March 2020 upon providing 6 months’ prior written notice.