St. Cuthberts Arcade
26 St. Cuthberts Street
Bedford
MK40 3JG

Freehold Retail Arcade Investment

  • Town centre location
  • Prime position on the attractive and popular St Cuthbert's Street
  • Neighbouring occupiers Include KSK Accountants, Woodfines Solicitors and Premier Solicitors
  • Lot
    31
  • Auction
    12/Feb/2020
  • Rent
    £82,800 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • St. Cuthberts Arcade<br>26 St. Cuthberts Street<br>Bedford<br>MK40 3JG
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* More information on the term "price" can be found here

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 an attractive and popular commuter town. The property is situated on the west side of the busy St Cuthbert's Street, 500 metres east of the centre of Bedford. Neighbouring occupiers include KSK Accountants, Woodfines Solicitors and Premier Solicitors.

Tenure

Freehold.

Description

The property comprises a single storey building that has been converted to an indoor arcade/market with some 17 units.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk.

Tenancy & Accommodation

UnitTenantTermRent p.a.x
1 & 2INDIVIDUALS t/a Happyfones LtdTenancy at will£10,800
3INDIVIDUAL t/a Alexander BarbersTenancy at will£6,000
4INDIVIDUAL t/a En Point ClothingTenancy at will£4,800
5 & 6 VACANT  
7INDIVIDUAL t/a DNA Sports TherapyTenancy at will£6,000
8INDIVIDUAL t/a Lola’s HomeTenancy at will£4,800
9Ladies Hair Salon3 years from 01/02/2020 (2)£6,000
10, 11 & 12 INDIVIDUAL t/a Rosanna3 years from 31/08/2019 (3)£18,000
AINDIVIDUAL t/a Coffee ShopTenancy at will£12,000
BVACANT  
CINDIVIDUALTenancy at will£4,800
DINDIVIDUAL t/a Pink Rose TradingTenancy at will£4,800
EINDIVIDUAL t/a K J PhotographyTenancy at will£4,800
Totals
  £82,800 (1)

(1) The rents stated above have been annualised.
(2) As to unit 9, the lease provides for an option to determine in year 2.
(3) As to units 10, 11 and 12, the lease provides for an option to determine in year 2.

If you are the successful bidder Acuitus requires a separate payment of £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.01.20
    File Size
    18 MB
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  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    976 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Compass Land & Property
David Donnelly 01234 351 577dpd@compasspropertygroup.co.uk
Seller's Solicitors
Cowley DiGiorgio Solicitors 63 Harpur Street
Bedford
MK40 2SR
Pina Sacco 01234 218 171sacco@cowleydigiorgio.co.uk

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