St. Cuthberts Arcade 26 St. Cuthberts Street Bedford MK40 3JG

St. Cuthberts Arcade
26 St. Cuthberts Street
Bedford
MK40 3JG

Freehold Retail Arcade Investment

Town centre location
Prime position on the attractive and popular St Cuthbert's Street
Neighbouring occupiers Include KSK Accountants, Woodfines Solicitors and Premier Solicitors

Lot
31
Auction
12th February 2020
Rent
£82,800 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail Arcade Investment

Town centre location
Prime position on the attractive and popular St Cuthbert's Street
Neighbouring occupiers Include KSK Accountants, Woodfines Solicitors and Premier Solicitors

Lot 31
Auction 12th February 2020
Rent £82,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 17 miles north-east of Milton Keynes; 28 miles south-west of Cambridge
Roads: A6, A421, A428, M1
Rail: Bedford Railway Station; Bedford St Johns Railway Station
Air: London Luton Airport

Situation

Bedford is an attractive and popular commuter town. The property is situated on the west side of the busy St Cuthbert's Street, 500 metres east of the centre of Bedford. Neighbouring occupiers include KSK Accountants, Woodfines Solicitors and Premier Solicitors.

Tenure

Freehold.

Location

Miles: 17 miles north-east of Milton Keynes; 28 miles south-west of Cambridge
Roads: A6, A421, A428, M1
Rail: Bedford Railway Station; Bedford St Johns Railway Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey building that has been converted to an indoor arcade/market with some 17 units.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk.

Description

The property comprises a single storey building that has been converted to an indoor arcade/market with some 17 units.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

Unit	Tenant	Term	Rent p.a.x
1 & 2	INDIVIDUALS t/a Happyfones Ltd	Tenancy at will	£10,800
3	INDIVIDUAL t/a Alexander Barbers	Tenancy at will	£6,000
4	INDIVIDUAL t/a En Point Clothing	Tenancy at will	£4,800
5 & 6	VACANT
7	INDIVIDUAL t/a DNA Sports Therapy	Tenancy at will	£6,000
8	INDIVIDUAL t/a Lola’s Home	Tenancy at will	£4,800
9	Ladies Hair Salon	3 years from 01/02/2020 (2)	£6,000
10, 11 & 12	INDIVIDUAL t/a Rosanna	3 years from 31/08/2019 (3)	£18,000
A	INDIVIDUAL t/a Coffee Shop	Tenancy at will	£12,000
B	VACANT
C	INDIVIDUAL	Tenancy at will	£4,800
D	INDIVIDUAL t/a Pink Rose Trading	Tenancy at will	£4,800
E	INDIVIDUAL t/a K J Photography	Tenancy at will	£4,800
Totals			£82,800 (1)

(1) The rents stated above have been annualised.
(2) As to unit 9, the lease provides for an option to determine in year 2.
(3) As to units 10, 11 and 12, the lease provides for an option to determine in year 2.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.