39 / 39A Midland Road Bedford Bedfordshire MK40 1PW

39 / 39A Midland Road
Bedford
Bedfordshire
MK40 1PW

Freehold Retail Investment

Let to Shoe Zone Retail Limited
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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Retail Investment

Let to Shoe Zone Retail Limited
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

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).