15 / 15A High Street Biggleswade Bedfordshire SG18 0JE

15 / 15A High Street
Biggleswade
Bedfordshire
SG18 0JE

Freehold Retail Investment

  • Let to Poundstretcher Limited
  • Prominent town centre location
  • Nearby retailers include Asda, Iceland,
  • New Look and Morrisons Local
  • Close to Biggleswade Railway Station
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    27
  • Auction
    10th December 2015
  • Rent
    £35,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £452,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Knight Frank Receivers
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Poundstretcher Limited
  • Prominent town centre location
  • Nearby retailers include Asda, Iceland,
  • New Look and Morrisons Local
  • Close to Biggleswade Railway Station
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 27
  • Auction 10th December 2015
  • Rent
  • Status Sold
  • Price £452,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Knight Frank Receivers

Property Information

Location
Miles
12 miles south-east of Bedford, 25 miles east of Milton Keynes, 47 miles north of Central London
Roads
A1(M), M1, M11
Rail
Biggleswade Railway Station
Air
Luton Airport
Situation

The property is prominently situated on the north side of the High Street, opposite Hitchin Street. Nearby occupiers include Asda, New Look, Iceland, Morrisons Local, Greggs and Nationwide, Lloyds and NatWest Banks.

Tenure

Freehold.

Location
Miles
12 miles south-east of Bedford, 25 miles east of Milton Keynes, 47 miles north of Central London
Roads
A1(M), M1, M11
Rail
Biggleswade Railway Station
Air
Luton Airport
Situation

The property is prominently situated on the north side of the High Street, opposite Hitchin Street. Nearby occupiers include Asda, New Look, Iceland, Morrisons Local, Greggs and Nationwide, Lloyds and NatWest Banks.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation at basement, first and attic levels. The property also benefits from rear loading via Church Street.

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 applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with ancillary accommodation at basement, first and attic levels. The property also benefits from rear loading via Church Street.

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 applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground
Basement
First
Attic
Retail/Ancillary
Ancillary
Ancillary
Ancillary
223.00 sq m
61.41 sq m
113.20 sq m
25.36 sq m
(2,400 sq ft)
(661 sq ft)
(1,219 sq ft)
(273 sq ft)
POUNDSTRETCHER
LIMITED (1)
Approximately 15 years
from 27/08/2002 on a full
repairing and insuring lease
£35,500
Totals  
422.97 sq m
(4,553 sq ft)
    £35,500

1) For the year ending 31st March 2014, Poundstretcher Limited reported a turnover of £395,360,000 and pre-tax profits of £1,347,000 (Source: Experian Group 04/11/2015). Poundstretcher were established in 1981 and now trade from over 400 stores nationwide. (Source: www.poundstretcher.co.uk)

Property Documents

  • Site Plan
    Updated Date
    17.11.15
    File Size
    60 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shakespeare Martineau LLP 1 Colmore Square
Birmingham
B4 6AA
Vicki Simpson 0121 214 1247vicki.simpson@shma.co.uk

Useful Links

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

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