12 / 14 Market Square Leighton Buzzard Bedfordshire LU7 1EY

12 / 14 Market Square
Leighton Buzzard
Bedfordshire
LU7 1EY

Freehold Retail and Office Investment

  • Two Town Centre Retail Units
  • Entirely let to Baleday Limited until November 2025 (no breaks)
  • Fixed Rental Uplift in 2020
  • Nearby occupiers include Lloyds TSB, Barclays, William Hill, Pizza Express and Boots Chemist
  • Currently producing £39,987 per annum exclusive rising to £45,685 per annum exclusive in 2020
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    51
  • Auction
    11th February 2016
  • Rent
    £39,987 per Annum Exclusive
  • Status
    Sold
  • Price
    £540,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Office Investment

  • Two Town Centre Retail Units
  • Entirely let to Baleday Limited until November 2025 (no breaks)
  • Fixed Rental Uplift in 2020
  • Nearby occupiers include Lloyds TSB, Barclays, William Hill, Pizza Express and Boots Chemist
  • Currently producing £39,987 per annum exclusive rising to £45,685 per annum exclusive in 2020
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 51
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £540,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers

Property Information

Location
Miles
13 miles north-west of Luton, 12 miles south of Milton Keynes
Roads
A5, M1 (Junction 11)
Rail
Leighton Buzzard Rail (34 minutes to London Euston)
Air
London Luton Airport
Situation

Leighton Buzzard is a town located near the Chiltern Hills between Luton and Milton Keynes. The property is situated in a prominent town centre position on Market Square, at its junction with Bell Alley. Nearby occupiers include Lloyds TSB, Barclays, William Hill, Pizza Express and Boots Chemist

Tenure

Freehold.

Location
Miles
13 miles north-west of Luton, 12 miles south of Milton Keynes
Roads
A5, M1 (Junction 11)
Rail
Leighton Buzzard Rail (34 minutes to London Euston)
Air
London Luton Airport
Situation

Leighton Buzzard is a town located near the Chiltern Hills between Luton and Milton Keynes. The property is situated in a prominent town centre position on Market Square, at its junction with Bell Alley. Nearby occupiers include Lloyds TSB, Barclays, William Hill, Pizza Express and Boots Chemist

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises two ground floor retail units, with storage/ancillary accommodation on the upper floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a Grade II listed building, comprises two ground floor retail units, with storage/ancillary accommodation on the upper floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
12 Ground
First
Second
Retail
Storage/Ancillary
Ancillary
70.8 sq m
159.4 sq m
70.7 sq m
(762 sq ft)
(1,716 sq ft)
(761 sq ft)
BALEDAY
LIMITED (1) (2)
13 years 5 months
from 01/07/2012 until
30/11/2025 on a full
repairing and insuring
lease
£39,987 01/12/2020
(3)
14 Ground
First
Retail/Ancillary
Storage/Ancillary
103.4 sq m
36.0 sq m
(1,113 sq ft)
(388 sq ft)
Totals    
440.30 sq m
(4,740 sq ft)
    £39,987 rising to £45,685

(1) Baleday Limited is a wholly owned subsidiary of Praesepe Holdings Limited. Founded in 2007, The Praesepe Group has in excess of 170 leisure outlets across the UK with brands including Cashino, Gaming, Beacon Bingo and The Crystal Rooms (Source: www.praesepeplc.com 07/01/2016).
(2) 14 Market Place has been sublet and is trading as a café.
(3) The 2020 rent review provides a fixed uplift to £45,685 p.a. in 2020.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    468 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    78 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Wedlake Bell Solicitors 52 Bedford Row
London
WC1R 4LR
Chloe Dexter 02073953131cdexter@wedlakebell.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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