22 London Road
Bedford
Bedfordshire
MK42 0NS

Freehold Retail & Residential Investment with car parking

  • Freehold Retail & Residential Investment
  • Shop let to Coral with self contained flat above
  • Rear yard with car parking
  • Located in a predominately residential suburb within 1 mile of Bedford Hospital & University
  • Close to Alban Retail Park
  • VAT-free investment
  • Lot
    44
  • Auction
    23/Sep/2020
  • Rent
    £18,350 per Annum Exclusive
  • Status
    Sold
  • Price*
    £263,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 22 London Road<br>Bedford<br>Bedfordshire<br>MK42 0NS
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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 St Johns Railway Station
Air
London Luton Airport
Situation

Bedford with a populaton over 100,000 is located 58 miles north of London, 17 miles north-east of Milton Keynes and 28 miles south-west of Cambridge.
The property is located in a predominant suburb, 3/4 of a mile south of the town centre on the eastern side of London Road (A600), close to its junction with Fenlake Road and near to the Alban Retail Park. Alban Retail Park with occupiers including B&M Home Store, Dunelm and Subway. The property forms part of a neighbourhood parade with traders including Pizza Hut. Other traders nearby include Nisa, Jewson & ATS.

Tenure

Freehold.

Description

The property comprises a ground floor betting office with a self contained one bedroom flat above. The flat is accessed via Fenlake Road and comprises, bedroom, sitting room, kitchen and bathroom. The property includes a rear yard and parking for 5 cars.

VAT

VAT is not applicable to this lot.

Planning

The rear yard may benefit from future redevelopment, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to Bedford Council (www.bedford.gov.uk)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
96 sq m
(1,033 sq ft)
Coral RacingLimited (1)10 years from1/06/2016 (2)£11,7501/07/2021 (1)(30/06/2026)
FirstResidential2 Rooms,
Kitchen &
Bathroom
 Individual6 month AST from23/03/2018£6,600Holding Over
Total
96 sq m
(1,033 sq ft)
  £18,350 

(1) Established in 1926, Coral is one of the UK's biggest bookmakers. Coral is part of the GVC Group, one of the world's largest betting and gaming groups. (Source: www.coral.co.uk)
(2) Tenants option to determine in the 5th year upon 6 months notice.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    21.09.20
    File Size
    12 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    555 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    664 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Premier Solicitors Premier House, Lurke Street
Bedford
MK40 3HU
Serena Kang 01234 800 088 Serena.kang@premiersolicitors.co.uk

Useful Links

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