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.