92 & 94 Dunstable Street Ampthill Bedfordshire MK45 2JP

92 & 94 Dunstable Street
Ampthill
Bedfordshire
MK45 2JP

Freehold Retail and Residential Ground Rent Investment

Comprises two shops with two residential ground rents above
One shop let to barbers on recently extended lease until November 2032 (No breaks)
Includes one vacant shop
Two flats above let on long leases, one of which has unexpired term of 60 years
VAT free investment
Immediate Asset Management Opportunities
Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers

Lot
22
Auction
27th March 2024
Rent
£7,490 per Annum Exclusive
(rising to £9,290 pax in January 2026) PLUS VACANT SHOP
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Comprises two shops with two residential ground rents above
One shop let to barbers on recently extended lease until November 2032 (No breaks)
Includes one vacant shop
Two flats above let on long leases, one of which has unexpired term of 60 years
VAT free investment
Immediate Asset Management Opportunities
Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers

Lot 22
Auction 27th March 2024
Rent £7,490 per Annum Exclusive (rising to £9,290 pax in January 2026) PLUS VACANT SHOP
Status Sold Post
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles south of Bedford, 14 miles north of Luton, 37 miles south-west of Cambridge
Roads: A6, A421, A507, M1 (Junction 13)
Rail: Flitwick Train Station
Air: London Luton Airport

Situation

Ampthill is a Bedfordshire market town approximately 14 miles north of Luton and 37 miles south-west of Cambridge. The property is situated on the east side of Dunstable Street, in the heart of the town centre. Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers.

Tenure

Freehold.

Location

Miles: 8 miles south of Bedford, 14 miles north of Luton, 37 miles south-west of Cambridge
Roads: A6, A421, A507, M1 (Junction 13)
Rail: Flitwick Train Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises two shops arranged on the ground floor with two flats, let on long leases, arranged on the upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B - 92 Dunstable Street, Band C - 94 Dunstable Street

Description

The property comprises two shops arranged on the ground floor with two flats, let on long leases, arranged on the upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band B - 92 Dunstable Street, Band C - 94 Dunstable Street

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.
92 Dunstable Street	Ground	Retail/Ancillary	66.20	(712)	D. JOHNSON (t/a dr. barbers)	Term of years from 07/02/2019 expiring on 06/11/2032 (2)	£7,200 rising to £9,000 on 07/01/2026
92a Dunstable Street	First/Second	Residential	-	-	AN INDIVIDUAL	125 years from 29/09/2014	£250 rising to £375 in September 2028 with further increases every 25 years
Rear Garden of 92 Dunstable Street	-	-	-		AN INDIVIDUAL	999 years from 25/12/2011	Peppercorn
94 Dunstable Street	Ground	Retail/Ancillary	13.80	(148)	VACANT	-	-
94a Dunstable Street	First/Second	Residential	-	-	AN INDIVIDUAL	99 years from 24/06/1985 until 23/06/2084 (3)	£40
Total Commercial Area			80.00	(860)			£7,490 rising to £9,290 in 2026

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Please note that the lease to D. Johnson was extended in February 2024 by way of a reversionary lease.
(3) The tenant has verbally indicated their desire to extend the term of their lease.

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.