23 - 25 Midland Road Bedford Bedfordshire MK40 1PL

23 - 25 Midland Road
Bedford
Bedfordshire
MK40 1PL

Prime Freehold Retail Investment

Entirely let to GR and MM Blackledge Plc t/a Bodycare
Tenant in occupation since 2001
Prime pedestrianised retailing position in popular commuter town, opposite the entrance to The Harpur Shopping Centre
Nearby occupiers include Primark, Topshop/ Topman, Marks & Spencer, WH Smith, Boots the Chemist and Next, with Days department store due to open next door shortly

Lot
49
Auction
24th May 2018
Rent
£82,500 per Annum Exclusive
Status
Sold
Price
£871,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Entirely let to GR and MM Blackledge Plc t/a Bodycare
Tenant in occupation since 2001
Prime pedestrianised retailing position in popular commuter town, opposite the entrance to The Harpur Shopping Centre
Nearby occupiers include Primark, Topshop/ Topman, Marks & Spencer, WH Smith, Boots the Chemist and Next, with Days department store due to open next door shortly

Lot 49
Auction 24th May 2018
Rent £82,500 per Annum Exclusive
Status Sold
Price £871,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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

Bedford is a popular commuter town with a population of some 80,000. 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 directly opposite the Midland Road 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 and Next.

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.

VAT

VAT is applicable to this lot.

Completion Period

Eight week completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Eight week completion

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	297.20 sq m Not Measured	(3,005 sq ft) Not Measured	GR AND MM 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 Ground Floor		297.20 sq m	(3,005 sq ft)			£82,500

(1) For the year ending 31/12/2016, GR and MM Blackledge Plc reported a turnover of £134,068,588, pre-tax profits of £4,021,439 and a total net worth of £27,688,021 (Source: Experian Group 27/04/2018). Founded in 1970, Bodycare trades from 130 stores with more than 1,500 employees (Source: www.bodycareplus.com 27/04/2018).