2-4 High Street Shefford, Nr Biggleswade Bedfordshire SG17 5DG

  • 2-4 High Street<br>Shefford, Nr Biggleswade<br>Bedfordshire<br>SG17 5DG

2-4 High Street
Shefford, Nr Biggleswade
Bedfordshire
SG17 5DG

Freehold Retail and Office Investment with Development Potential

  • Existing building currently arranged as four retail units and a self contained office
  • Residential development potential (Subject to consents)
  • Prominent corner position in the centre of town
  • Nearby occupiers include Domino's Pizza, Co-op Food and Morrisons.
  • Lot
    27
  • Auction
    21st May 2020
  • Rent
    £71,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees
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Freehold Retail and Office Investment with Development Potential

  • Existing building currently arranged as four retail units and a self contained office
  • Residential development potential (Subject to consents)
  • Prominent corner position in the centre of town
  • Nearby occupiers include Domino's Pizza, Co-op Food and Morrisons.
  • Lot 27
  • Auction 21st May 2020
  • Rent £71,000 per Annum Exclusive
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of Trustees

Property Information

Location
Miles
45 miles North of Central London
25 miles south-west of Cambridge
Roads
A1, A6, A507, M25
Rail
Arlesey Railway Station
Air
London Luton and London Stansted Airport
Situation

This Grade II listed property is located in the picturesque market town of Shefford, conveniently located approximately 45 miles north of Central London, 9 miles south-east of Bedford and 5 miles south-west of Biggleswade. The property is situated in the centre of Shefford on the High Street, in a prominent corner position at the junction with Northbridge Street. Nearby occupiers include Domino's Pizza, Co-op Food and Morrisons.

Tenure

Freehold.

Location
Miles
45 miles North of Central London
25 miles south-west of Cambridge
Roads
A1, A6, A507, M25
Rail
Arlesey Railway Station
Air
London Luton and London Stansted Airport
Situation

This Grade II listed property is located in the picturesque market town of Shefford, conveniently located approximately 45 miles north of Central London, 9 miles south-east of Bedford and 5 miles south-west of Biggleswade. The property is situated in the centre of Shefford on the High Street, in a prominent corner position at the junction with Northbridge Street. Nearby occupiers include Domino's Pizza, Co-op Food and Morrisons.

Tenure

Freehold.

Description

The property is a substantial three storey corner building currently comprising 4 retail units and a self contained office. The upper floors might be suitable for residential development (subject to consents).

VAT

VAT is not applicable to this lot.

Planning

Planning consent was granted in 2006 (ref:06/00183/FULL) for 4 shop units, 3 flats and 1 maisonette, although this has since lapsed. (centralbedfordshire.gov.uk/planning)

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Description

The property is a substantial three storey corner building currently comprising 4 retail units and a self contained office. The upper floors might be suitable for residential development (subject to consents).

VAT

VAT is not applicable to this lot.

Planning

Planning consent was granted in 2006 (ref:06/00183/FULL) for 4 shop units, 3 flats and 1 maisonette, although this has since lapsed. (centralbedfordshire.gov.uk/planning)

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Unit Floor Use Tenant Term Rent p.a.x Review/
(Reversion)
1&2 Ground Retail H & T SMITH t/a Rosebuds
Tea Rooms		 10 years from
19/02/2016		 £20,000 19/02/2021
(18/02/2026)
3 Ground and
First		 Retail INDIVIDUALS t/a Especially
You (Hairdresser)		 7 years from
07/07/2014		 £18,000 (06/07/2021) (1)
4 Ground Retail SPITFIRE TRAVEL LTD (Travel
Agent)		 10 years from
09/12/2015		 £10,000 (08/12/2025)
5 Ground, First
and Cellar		 Retail INDVIDUAL t/a The Loft
(restaurant/bistro)		 10 years from
09/01/2014		 £17,000 (08/01/2024)
6 Second Office SHEFFORD ACCOUNTANCY
SERVICES LTD		 (2) £6,000 (2)
Total
     £71,000  

(1) As to unit 3, the tenant has expressed interest in taking more space within the building together with renewing their existing lease.
(2) As to unit 6, the tenant has exercised their option to determine the lease, which will take effect in June 2020.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Seller's Solicitors
Le Gros Solicitors 22 Windsor Pl
Cardiff
CF10 3BY
Paula Adams 029 2267 1301paula@legrossolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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