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.
