1 & 2-3 Bull Pond Lane
Bedfordshire, LU6 3AH
The single storey retail premises are currently let (brief details below) and would be of interest to investors and developers.
In connection with redevelopment of the building (at lease expiry), our clients have had a local architect consider what may be achieved in terms of apartments being constructed with or without commercial upon the ground floor.
Shop 1 - Dry cleaners - Originally let from 21 September 2001, the lease was renewed on 08 March 2018 and assigned to the current tenant on 23 May 2019. Let until September 2022 with a passing rental of £14,000 per annum. The lease is 1954 Act protected. Rateable value £7,700.
Shop 2-3 - Café/coffee shop - Originally let from 19 July 2014 and renewed on 10 April 2018. Let until September 2022 with a passing rental of £11,500 per annum. We believe the current rental is worth circa £15,000 per annum. The lease is 1954 Act protected. Rateable value £14,000.
Bull Pone Lane is accessed off West Street, with the premises being located opposite Bennetts Recreation Ground and on the corner of the driveway to Ashton Square Car Park (and High Street South).
The investment is available freehold at a guide price of £345,000.
There will be an overage condition included within the Title in the event of redevelopment.
Rateable Value: -
Legal Costs: -
Each party to bear their own legal costs incurred.
We are advised V.A.T. will not be applicable.
For further information or an appointment to view, kindly contact sole selling agents S R Wood & Son Ltd. Tel. 01582 401 221.
|Use||Business for sale, Residential development, Retail premises|
|Size (sq ft)||2144|
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