Available
32 The Broadway, Bedford, Bedfordshire, MK40
£995,000 + VAT
ID:
27713
3,525
Sq Ft
Freehold
Investment
Details
Description
- Mixed use investment property comprising restaurant let to a long standing independent operator plus two separately accessed large apartments.
- Lease commenced on 10 December 2024 for a term of 10 years, expiring on 30 September 2034. Tenant-only break clause on 30 September 2029, subject to six months' prior notice. Stepped rental commencing at £18,000 per annum (exclusive), currently achieving £18,540 per annum (exclusive), with annual increases through to 2033, reaching £23,496 per annum.
- The first and second floors comprise a 3-bedroom and a 4-bedroom residential dwelling, both let on 12-month ASTs, each generating £2,000 per calendar month inclusive of bills and council tax.
Location
- The property is positioned in a highly visible location on The Broadway in Bedford Town Centre. The road forms part of the A6 which is one of the main routes through the town centre.
- The Bedford bus station is approximately 0.25 miles from the property and the train station is under 1 mile away.
More Information
Accommodation
| Description | Sq Ft | Sq M |
| Ground Floor | 1,371.00 | 127.37 |
| Cellar | 131.00 | 12.17 |
| 3-Bed Flat | 940.00 | 87.33 |
| 4-Bed Flat | 1,083.00 | 100.61 |
| Total | 3,525.00 | 327.48 |
Terms
The freehold interest is available at a quote price of £995,000.
VAT is payable on the purchase price.
EPC
The property has an EPC of B - 35
Business Rates
The rateable value is £15,500.
For the rates payable please contact us or www.voa.gov.uk
Location
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