14-16 High Street

Toddington

Ref: 7570

PROPERTY

14-16 High Street
Toddington
Bedfordshire, LU5 6BY

DETAILS

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. The tenant has exercised their break option and will be vacating early 2022. We are appointed to locate a new tenant and are quoting £14,000 per annum, being an uplift from . . .

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. The tenant has exercised their break option and will be vacating early 2022. We are appointed to locate a new tenant and are quoting £14,000 per annum, being an uplift from the passing rental of £11,000 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.

Location: -

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.

Terms: -

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.

VAT: -

We are advised V.A.T. is not applicable.

Viewing: -

For further information or an appointment to view, kindly contact joint sole selling agents S. R. Wood & Son Ltd. Tel. 01582 401 221.

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STATS

Use Investment
Availability For sale
Sale price £725000
Annual rental -
Size (sq ft) 1500
Features

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