LOT
23
A very attractive block of land that is nicely situated between the well-regarde...
*Guide Price | £350,000+ (plus fees)
Well located in the centre of Bedford, this let, commercial building, generating an annual income of £15,900, comprises a small lock up shop and sizeable offices, totalling in excess of 1,400 sq. ft.
Set just 250 meters from the High Street, this established freehold building faces directly onto Tavistock Street, one of the town's main arterial routes with a range of shops and businesses. The building is let to two tenants under commercial tenancy agreements, the smaller unit being a lock up shop at the front, number 27A, which totals 280 sq. ft. of ground floor accommodation. Above and extending some distance to the rear is number 27B. This is let as offices that are laid out over two floors along with a kitchen and toilets, and in size total approximately 1,150 sq. ft. There is a wide passage running along the side of the plot which at the start is sufficiently wide for parking vehicles and it leads to the main entrance of 27B, then at the rear of the plot is a small enclosed courtyard garden.
Freehold
27A: Let under a 6 year commercial tenancy agreement, internal repairing, from 28th Sept 2020 until 27th Sept 2026, with no break clauses. Rental income of £5,200 per annum, with 3 yearly rent reviews.
27B: Let under a 10 year commercial tenancy agreement, full repairing, from 17th Jan 2020 until 16th Jan 2030, with no break clauses. Rental income £10,700 per annum, with 5 yearly rent reviews.
27A: D - 27B: TBC
VAT is not applicable
Bedford Borough Council
01234 267 422
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
There is no Buyer's Premium payable on this lot.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Purchasers will be required to pay an administration fee of £1,500 incl. VAT
12:00pm
Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire MK7 6HL
Please contact us on 01234 362 899 to arrange a viewing.
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Price Information
*Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
