Close to Marks & Spencer, Primark, Debenhams, Boots the Chemist and Next
Pedestrianised trading location close to The Harpur Shopping Centre
Popular and affluent county town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 13
Auction 16th February 2017
Rent £75,000 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
17 miles north-east of Milton Keynes, 28 miles south-west of Cambridge
Roads
A6, A421, A428, M1
Rail
Bedford Railway Station
Air
London Luton Airport
Situation
The property is situated in an excellent trading location on the northern side of the pedestrianised Midland Road, which connects to Harpur Street and Silver Street, in the heart of Bedford town centre. Nearby occupiers include Marks & Spencer, Costa, Next and New Look. The Harpur Shopping Centre is located nearby housing retailers including Primark, Tesco Metro, Boots the Chemist, WH Smith and Debenhams.
Tenure
Freehold.
Location
Miles
17 miles north-east of Milton Keynes, 28 miles south-west of Cambridge
Roads
A6, A421, A428, M1
Rail
Bedford Railway Station
Air
London Luton Airport
Situation
The property is situated in an excellent trading location on the northern side of the pedestrianised Midland Road, which connects to Harpur Street and Silver Street, in the heart of Bedford town centre. Nearby occupiers include Marks & Spencer, Costa, Next and New Look. The Harpur Shopping Centre is located nearby housing retailers including Primark, Tesco Metro, Boots the Chemist, WH Smith and Debenhams.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
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 shop with ancillary accommodation on the first floor.
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
Review/(Reversion)
Ground First
Retail/Ancillary Ancillary
182.27 sq m 93.36 sq m
(1,962 sq ft) (1,005 sq ft)
SHOE ZONE RETAIL LIMITED (1)
10 years from 27/06/2011 on a full repairing and insuring lease
£75,000
27/06/2016 (26/06/2021)
Totals
275.63 sq m
(2,967 sq ft)
£75,000
1) For the year ending 3rd October 2015, Shoe Zone Retail Limited reported a turnover of £166,819,000, pre-tax profits of £12,723,000 and a total net worth of £36,809,000 (Source: Experian Group 17/01/2017).
