£995,000
(£282.27/sq. ft)
Retail premises for sale32 The Broadway, Bedford, Bedfordshire MK40
3,525 sq. ft
Just added
Freehold
About this property
Mixed Use Investment
Potential To Create Additional Residential Accommodation (subject to planning)
Fixed Rental Uplifts
Mixed use investment property comprising restaurant let to a long standing independent operator plus two separately accessed large apartments.
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. The ground floor 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 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 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. The ground floor 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 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.
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Monthly repayment
£4,977 per month
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