22 London Road Bedford Bedfordshire MK42 0NS

  • 22 London Road<br>Bedford<br>Bedfordshire<br>MK42 0NS

22 London Road
Bedford
Bedfordshire
MK42 0NS

Freehold Retail & Residential Investment with car parking

  • Freehold Retail & Residential Investment
  • Shop let to Coral with self contained flat above
  • Rear yard with car parking
  • Located in a predominately residential suburb within 1 mile of Bedford Hospital & University
  • Close to Alban Retail Park
  • VAT-free investment
  • Lot
    44
  • Auction
    23rd September 2020
  • Rent
    £18,350 per Annum Exclusive
  • Status
    Sold
  • Price
    £263,000
  • Auction Venue
    Live Streamed Auction
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Retail & Residential Investment with car parking

  • Freehold Retail & Residential Investment
  • Shop let to Coral with self contained flat above
  • Rear yard with car parking
  • Located in a predominately residential suburb within 1 mile of Bedford Hospital & University
  • Close to Alban Retail Park
  • VAT-free investment
  • Lot 44
  • Auction 23rd September 2020
  • Rent £18,350 per Annum Exclusive
  • Status Sold
  • Price £263,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

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

Bedford with a populaton over 100,000 is located 58 miles north of London, 17 miles north-east of Milton Keynes and 28 miles south-west of Cambridge.
The property is located in a predominant suburb, 3/4 of a mile south of the town centre on the eastern side of London Road (A600), close to its junction with Fenlake Road and near to the Alban Retail Park. Alban Retail Park with occupiers including B&M Home Store, Dunelm and Subway. The property forms part of a neighbourhood parade with traders including Pizza Hut. Other traders nearby include Nisa, Jewson & ATS.

Tenure

Freehold.

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

Bedford with a populaton over 100,000 is located 58 miles north of London, 17 miles north-east of Milton Keynes and 28 miles south-west of Cambridge.
The property is located in a predominant suburb, 3/4 of a mile south of the town centre on the eastern side of London Road (A600), close to its junction with Fenlake Road and near to the Alban Retail Park. Alban Retail Park with occupiers including B&M Home Store, Dunelm and Subway. The property forms part of a neighbourhood parade with traders including Pizza Hut. Other traders nearby include Nisa, Jewson & ATS.

Tenure

Freehold.

Description

The property comprises a ground floor betting office with a self contained one bedroom flat above. The flat is accessed via Fenlake Road and comprises, bedroom, sitting room, kitchen and bathroom. The property includes a rear yard and parking for 5 cars.

VAT

VAT is not applicable to this lot.

Planning

The rear yard may benefit from future redevelopment, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to Bedford Council (www.bedford.gov.uk)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor betting office with a self contained one bedroom flat above. The flat is accessed via Fenlake Road and comprises, bedroom, sitting room, kitchen and bathroom. The property includes a rear yard and parking for 5 cars.

VAT

VAT is not applicable to this lot.

Planning

The rear yard may benefit from future redevelopment, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to Bedford Council (www.bedford.gov.uk)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)		 Tenant Term Rent p.a.x Review/
(Reversion)
Ground Retail
96 sq m
(1,033 sq ft)
 Coral RacingLimited (1) 10 years from1/06/2016 (2) £11,750 1/07/2021 (1)(30/06/2026)
First Residential 2 Rooms,
Kitchen &
Bathroom		   Individual 6 month AST from23/03/2018 £6,600 Holding Over
Total
96 sq m
(1,033 sq ft)
     £18,350  

(1) Established in 1926, Coral is one of the UK's biggest bookmakers. Coral is part of the GVC Group, one of the world's largest betting and gaming groups. (Source: www.coral.co.uk)
(2) Tenants option to determine in the 5th year upon 6 months notice.

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.

Contacts

Seller's Solicitors
Premier Solicitors Premier House, Lurke Street
Bedford
MK40 3HU
Serena Kang 01234 800 088 Serena.kang@premiersolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?