239 - 255 Bedford Road Kempston Bedford Bedfordshire MK42 8BP

239 - 255 Bedford Road
Kempston
Bedford
Bedfordshire
MK42 8BP

Freehold Retail and Residential Investment

  • Comprises an unbroken parade of 6 retail units
  • Includes 3 self-contained two bedroom flats
  • Active management potential
  • Nearby occupiers include Sainsbury’s, Domino’s, Betfred and NatWest Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    41
  • Auction
    12th February 2015
  • Rent
    £68,925 per Annum Exclusive
  • Status
    Sold
  • Price
    £845,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail and Residential Investment

  • Comprises an unbroken parade of 6 retail units
  • Includes 3 self-contained two bedroom flats
  • Active management potential
  • Nearby occupiers include Sainsbury’s, Domino’s, Betfred and NatWest Bank
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 41
  • Auction 12th February 2015
  • Rent
  • Status Sold
  • Price £845,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
45 miles north of London
15 miles north-east of Milton Keynes
30 miles south-west of Cambridge
Roads
A428, A421, A6, A1, M1 (Junction 13)
Rail
Bedford Railway Station, Bedford St Johns Railway Station
Air
London Luton Airport, London Stansted Airport
Situation

Kempston is a popular residential suburb of Bedford located 2 miles south-west of the town centre. The property is prominently situated on the north side of Bedford Road (B531), at its junction with Foster Road. Nearby occupiers include Sainsbury’s, Domino’s, Betfred and NatWest Bank.

Tenure

Freehold.

Location
Miles
45 miles north of London
15 miles north-east of Milton Keynes
30 miles south-west of Cambridge
Roads
A428, A421, A6, A1, M1 (Junction 13)
Rail
Bedford Railway Station, Bedford St Johns Railway Station
Air
London Luton Airport, London Stansted Airport
Situation

Kempston is a popular residential suburb of Bedford located 2 miles south-west of the town centre. The property is prominently situated on the north side of Bedford Road (B531), at its junction with Foster Road. Nearby occupiers include Sainsbury’s, Domino’s, Betfred and NatWest Bank.

Tenure

Freehold.

Description

The property comprises a neighbourhood parade of six retail units with three self-contained two bedroom residential flats on the first floor. The flats are separately accessed from the rear of the property.

Six Week Completion

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 comprises a neighbourhood parade of six retail units with three self-contained two bedroom residential flats on the first floor. The flats are separately accessed from the rear of the property.

Six Week Completion

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. Reviews/(Reversion)
239/241 Ground Retail
104.30 sq m
(1,123 sq ft)
CORAL ESTATES LTD (1) 10 years from 24/06/2013 until 2023 £14,375 24/06/2018
243 Ground Retail
50.70 sq m
(546 sq ft)
MRS J MCLEAN (t/a Janes Snack & Sandwich Bar) 10 years from 01/01/2006 £8,750 (31/12/2016)
245 Ground Retail
53.10 sq m
(571 sq ft)
LLOYDS PHARMACY LIMITED (2) (3) 10 years from 01/06/2005 £8,500 (31/05/2015)
247 Ground Retail
50.40 sq m
(543 sq ft)
MR D PHAN AND MR V NGUYEN (t/a Star Nails) 10 years from 02/06/2008 £10,500 (01/06/2018)
249 Ground Retail
48.80 sq m
(525 sq ft)
PASQUE CHARITY (t/a Keech Hospice Care) 10 years from 22/05/2007 £9,250 (21/05/2017)
251 to 255 First Residential
3 x 2 Bedroom Flat
INDIVIDUALS 3 x Assured Shorthold Tenancy Agreements £17,550 (4)  
Totals    
307.30 sq m
(3,308 sq ft)
    £68,925  

(1) Coral Estates Limited is part of the Gala Coral Group and together with their online presence, trade from over 1,700 outlets across the UK with a market share of approximately 20% (www.coral.co.uk).
(2)For the year ending 31/12/2013, Lloyds Pharmacy Limited reported a turnover of £1,784,978,000, pre-tax profits of £14,489,000 and a total net worth of £72,933,000. (Source: www.riskdisk.com 09/01/2015)
(3)Lloyds Pharmacy Limited have offered to renew their lease for a term of 10 years from 01/06/2015 subject to a 3 month rent free period and a tenant option to determine the lease in year 5. The proposed rent is £7,750 p.a.x.
(4) The rent shown is the total for the 3 Assured Shorthold Tenancies have been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    21.01.15
    File Size
    583 KB
    View PDF
  • Site Plan
    Updated Date
    21.01.15
    File Size
    59 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Greenwood & Co Premier House, 12-13 Hatton Garden
London
EC1N 8AN
Jonathan Greenwood 0207 831 8386jg@greenwoodlaw.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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