23 - 25 Midland Road Bedford Bedfordshire MK40 1PL

23 - 25 Midland Road
Bedford
Bedfordshire
MK40 1PL

Prime Freehold Retail Investment

Entirely let to G.R. and M.M. Blackledge Plc t/a Bodycare on a lease renewal
Rent re-based from £125,000 p.a.x
Tenant in occupation since 1990
Prime pedestrianised retailing position opposite the entrance to The Harpur Shopping Centre
Nearby occupiers include Primark, Topshop/Topman, Marks & Spencer, WH Smith, Boots the Chemist, BHS and New Look
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
45
Auction
23rd March 2016
Rent
£82,500 per Annum Exclusive
Status
Sold
Price
£950,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Receivers CBRE

Interested?

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Prime Freehold Retail Investment

Entirely let to G.R. and M.M. Blackledge Plc t/a Bodycare on a lease renewal
Rent re-based from £125,000 p.a.x
Tenant in occupation since 1990
Prime pedestrianised retailing position opposite the entrance to The Harpur Shopping Centre
Nearby occupiers include Primark, Topshop/Topman, Marks & Spencer, WH Smith, Boots the Chemist, BHS and New Look
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 45
Auction 23rd March 2016
Rent £82,500 per Annum Exclusive
Status Sold
Price £950,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Receivers CBRE

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, Bedford St Johns Railway Station
Air: London Luton Airport

Situation

The property is situated in a prime position on the northern side of the pedestrianised Midland Road, in the heart of the town centre. The property is opposite the entrance to the The Harpur Shopping Centre, which houses occupiers including Primark, Argos, Topshop/Topman, WH Smith and Boots the Chemist. Other nearby occupiers include Marks & Spencer, Tesco Metro, New Look, Bonmarché, BHS, Poundworld and Savers.

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, Bedford St Johns Railway Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor retail unit with ancillary accommodation to the rear. The first floor is not currently accessible. The property benefits from rear access via Allhallows.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reversion
Ground First	Retail/Ancillary	294.22 sq m Not Measured	(3,167 sq ft)	G.R. AND M.M. BLACKLEDGE PLC (1) (t/a Bodycare)	5 years from 25/12/2015 on a full repairing and insuring lease	£82,500	24/12/2020
Total Commercial Area		317.00 sq m	(3,412 sq ft)			£82,500

1) For the year ending 31/12/2014, G.R. and M.M. Blackledge Plc reported a turnover of £132,083,249, pre-tax profits of £3,182,616 and a total net worth of £20,981,7017. (Source: Experian Group 25/02/2016)