36 High Street South
Bedfordshire, LU6 3HA
The ground floor shop is let for a term of 5 years from 19.06.18 with the tenant (a tattoo studio) paying £7,008.00 per annum exclusive. The lease expires on 18.06.23. It is considered the rental is below market value. No. 38 is currently under offer at £16,000.00 per annum exclusive.
The ground floor sales area is formed of 2 parts.
Upper – 181.31 sq ft/16.85 sq m, benefiting replacement shop front, single w/c.
Lower – 302.79 sq ft/28.14 sq m, benefiting fluorescent lighting, timber shop front.
The very large, first floor, 2 bedroom maisonette also covers the second floor and provides:
First Floor – store with sink and w/c 3.06m x 3.99m, living room 3.79m x 3.82m, double glazing, carpet, radiator heating.
Second Floor – shower room, rear bedroom 1.84m x 2.59m, front bedroom 3.74m x 3.80m.
An AST has been entered into with the tenant paying £750.00 per month/ £9,000.00 per annum.
The mid terraced, pavement lined property is prominently positioned facing High Street South (A5183) and to the rear faces Ashton Square/Middle Row, within Dunstable town centre.
The freehold interest with the benefit of the current continued income of £16,008.00 is available for £260,000.00, i.e. 6.15% gross return.
Rateable Value: -
We have verbally been informed by Central Bedfordshire Council that the rateable value is £7,700.00. Council Tax Band to be confirmed.
Legal Costs: -
Each party to bear their own legal costs incurred.
Plus VAT at the appropriate rate if applicable.
For further information or an appointment to view, kindly contact sole selling agents S R Wood & Son Ltd. Tel. 01582 401 221.
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