32 The Broadway, Bedford, Bedfordshire, MK40

Description

• Mixed use investment property comprising restaurant let to a long standing independent operator plus two separately accessed large apartments.
• Lease commenced on 10 December 2024 for a term of 10 years, expiring on 30 September 2034.
  Tenant-only break clause on 30 September 2029, subject to six months' prior notice.
  Stepped rental commencing at £18,000 per annum (exclusive), currently achieving £18,540 per annum (exclusive), with annual increases through to 2033, reaching £23,496 per annum.
• The first and second floors comprise a 3-bedroom and a 4-bedroom residential dwelling, both let on 12-month ASTs, each generating £2,000 per calendar month inclusive of bills and council tax.

Location

• The property is positioned in a highly visible location on The Broadway in Bedford Town Centre. The road forms part of the A6 which is one of the main routes through the town centre.
• The Bedford bus station is approximately 0.25 miles from the property and the train station is under 1 mile away.