37, 37a, 37b Bedford Road
Bedfordshire, MK45 4LL
No. 37 – 495.17 sq ft/46.02 sq m - Ground floor retail, subject to a 5 year lease from 12.02.16 at £16,440.00 per annum (inclusive of bills). The original lease commenced 21.02.07.
No. 37b – 242.07 sq ft/22.49 sq m - Ground floor retail, subject to a one year Licence to Occupy from 15.05.18 at £9,900.00 per annum (inclusive of bills). The occupant has suggested a desire to enter into a new 3 year lease.
No. 37a - 2 bedroom maisonette let upon an AST for a 6 month period from 19.10.18 at £9,000.00 per annum (plus bills). We are informed this party is keen to enter into a new one year Tenancy Agreement.
Total rent income £35,340.00 per annum. From information provided by our client the costs of water/gas and electric are £4,000.00 per annum, as such the net rent would equate to circa £31,340.00 per annum.
Barton-Le-Clay is located 7.4 miles north of Luton and 12.8 miles south of Bedford, just off the A6. Barton continues to expand by way of residential development and has a small but busy central retail area.
The freehold interest is available at £425,000.00, showing a yield of 7.37%.
Rateable Value: -
We have verbally been informed by Central Bedfordshire Council that the rateable value for no. 37 is £10,500.00, and for no. 37b £3,650.00, and that no. 37a falls within Council Tax Band B.
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.
|Size (sq ft)||737|
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