Freehold Retail and Residential Ground Rent Investment
Comprises two shops with two residential ground rents above
One shop let to barbers on recently extended lease until November 2032 (No breaks)
Includes one vacant shop
Two flats above let on long leases, one of which has unexpired term of 60 years
VAT free investment
Immediate Asset Management Opportunities
Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers
Lot 22
Auction 27th March 2024
Rent £7,490 per Annum Exclusive (rising to £9,290 pax in January 2026) PLUS VACANT SHOP
Status Sold Post
Price
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles south of Bedford, 14 miles north of Luton, 37 miles south-west of Cambridge
Roads
A6, A421, A507, M1 (Junction 13)
Rail
Flitwick Train Station
Air
London Luton Airport
Situation
Ampthill is a Bedfordshire market town approximately 14 miles north of Luton and 37 miles south-west of Cambridge. The property is situated on the east side of Dunstable Street, in the heart of the town centre. Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers.
Tenure
Freehold.
Location
Miles
8 miles south of Bedford, 14 miles north of Luton, 37 miles south-west of Cambridge
Roads
A6, A421, A507, M1 (Junction 13)
Rail
Flitwick Train Station
Air
London Luton Airport
Situation
Ampthill is a Bedfordshire market town approximately 14 miles north of Luton and 37 miles south-west of Cambridge. The property is situated on the east side of Dunstable Street, in the heart of the town centre. Nearby occupiers include Waitrose, Costa, McColls and an eclectic mix of independent retailers.
Tenure
Freehold.
Description
The property comprises two shops arranged on the ground floor with two flats, let on long leases, arranged on the upper floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B - 92 Dunstable Street, Band C - 94 Dunstable Street
Description
The property comprises two shops arranged on the ground floor with two flats, let on long leases, arranged on the upper floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B - 92 Dunstable Street, Band C - 94 Dunstable Street
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
92 Dunstable Street
Ground
Retail/Ancillary
66.20
(712)
D. JOHNSON (t/a dr. barbers)
Term of years from 07/02/2019 expiring on 06/11/2032 (2)
£7,200 rising to £9,000 on 07/01/2026
92a Dunstable Street
First/Second
Residential
-
-
AN INDIVIDUAL
125 years from 29/09/2014
£250 rising to £375 in September 2028 with further increases every 25 years
Rear Garden of 92 Dunstable Street
-
-
-
AN INDIVIDUAL
999 years from 25/12/2011
Peppercorn
94 Dunstable Street
Ground
Retail/Ancillary
13.80
(148)
VACANT
-
-
94a Dunstable Street
First/Second
Residential
-
-
AN INDIVIDUAL
99 years from 24/06/1985 until 23/06/2084 (3)
£40
Total Commercial Area
80.00
(860)
£7,490 rising to £9,290 in 2026
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Please note that the lease to D. Johnson was extended in February 2024 by way of a reversionary lease. (3) The tenant has verbally indicated their desire to extend the term of their lease.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
