97 High Street, Bedford, Bedfordshire

Description

• Available to purchase freehold, this mixed use town centre investment comprises ground floor retail unit currently let at a passing rent of £10,200 per annum. The commercial tenant has been a longstanding occupier of the premises since the 80's.
• The first floor flat has its own entrance from the High Street and comprise entrance hall, open plan living / dining / kitchen and double bedroom with ensuite. The flat is currently producing a rental income of £750 per month and the tenant has an assured shorthold tenancy agreement.
• We are of the opinion that both elements are currently under rented and uplifts to the current market rent will be possible at the next renewals.
• The second floor flat has been sold of as a long leasehold interest.

Location

• The property is located on Bedford High Street which forms part of the A6 and is one of the main roads running through the town north to south.
• The High Street benefits from high levels of footfall and nearby occupiers include a range of national and independent retailers.
• The property is also within walking distance of the bus station, train station and town centre car parks