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Market Square is ideally located just to the south of the main High Street in Biggleswade in an attractive part of this historic market town. The property enjoys a prominent frontage to Market Square and public parking is available immediately outside the building and around the remainder of Market Square. Biggleswade has grown rapidly in recent years, primarily due to its good transport links along the A1 between London and the North, as well as benefitting from a train station with main rail links to London. Other occupiers in this popular part of the town centre include, Lloyds Pharmacy, Barclays Bank, Iceland, Coral, Poundland, Lloyds Bank and a range of independent retail and service business.
These two retail units form part of a recently refurbished building with residential units above. The retail investment includes Subway and Specsavers as the upper parts which will be retained by the freeholder who will be granting a long leasehold interest for both retail units.
21 market place Let to Subway Realty Limited. The let area is 1,405 sq. Ft. (approx.) Current Lease: 15 year lease was signed on 19th November 2015, with an initial rent being £17,500 per annum. The lease contains provision for review on the 19th November 2020 and 19th November 2025. Rateable value £17,000.00
20 market place Let to SpecSavers Optical Superstores Limited. The let area is 2,773 sq. Ft. (approx.) Current Lease: 10 year lease commenced on the 21st October 2015 with an initial rent being £32,500pa. There is provision for review on the 21st October 2020. Rateable value £21,250.00
The floor areas are measured as approximate, and interested parties are advised to check these measurements.
They are available upon request.
Offers in excess of £650,000.00 for the long leasehold interest of both retail units.
For more information about this property, please contact Brian Croker Property Consultancy, EC2A on +44 20 8115 4036 * (local rate)
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