14-16 High Street
Bedfordshire, LU5 6BY
14a. Ground/first floor (and basement) retail premises let at £13,000 per annum exclusive for a period of 12 years
from 25 December 2016. The tenant trades as a hair/beauty salon (OMV likely £15,000 per annum).
14. Lock up ground floor retail premises let at £11,000 per annum exclusive (OMV likely £13,000 per annum).
16. Let in 2020 at £9,000 per annum exclusive.
16a. Large first floor apartment let upon an AST at £8,100 per annum (OMV likely £9,000 per annum).
There is a lapsed planning consent for the development for a two bed apartment to the rear of no. 16.
Current rental income - £41,100 per annum exclusive.
Toddington is a desirable village within Mid Bedfordshire, having good access to the M1, Junction 12, A5 (Dunstable to Milton Keynes) and Harlington train station.
Within the village centre is a lengthy parade of shops/businesses where rarely do premises become available to lease/purchase.
The freehold interest is available, being subject to the existing tenancies, for £725,000, showing a return of 5.67%.
Rateable Value: -
To be advised.
Legal Costs: -
Each party to bear their own legal costs incurred.
We are advised V.A.T. is not applicable.
For further information or an appointment to view, kindly contact joint sole selling agents S. R. Wood & Son Ltd. Tel. 01582 401 221.
|Size (sq ft)||1500|
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