Next auction Thursday 15th August 2.30PM

62 High Street, Bedford, Bedfordshire, MK40 1NT



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Guide price

£300,000+


Property Type

Mixed Use

Bedrooms

2


Key Features

  • Three storey property comprising shop at ground floor & 2 self contained flats above
  • Shop let at £30,000 pa, both self contained flats vacant
  • Combined ERV when fully let £46,200 pax

Part of the 13 December 2018 auction
Nottingham Racecourse at 2.30PM

Three storey town centre property comprising ground floor shop (let at £30,000 pa) together with two self contained flats above (both vacant). Combined ERV when fully let: £46,200 pax.

  • Prominent location on High Street adjacent Rymans Stationers
  • Close to Coffee Republic, Debenhams, Natwest & Costa Coffee
  • Ground floor shop is let to a Polish Food Store (t/a Kasztelan)
  • A well proportioned store of approx. 1,886 sq ft
  • Let on a 10 year lease at £30,000 pa until 2025
  • 2 self contained flats accessed from the rear, over flat roof of shop
  • 1st floor flat (vacant): kitchen/loungem 3 rooms + bathroom
  • Reported to have been previously let at £700 pcm
  • 2nd floor flat (vacant): kitchen/diner plus 2 en-suite rooms
  • A refurbished flat with an ERV when let of £650 pcm
  • Potential income when fully let of circa £46,200 pa
  • An ideal investment opportunity
  • Close to a wealth of local amenities

Please contact Auction Estates 0115 7844 600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold, subject to a lease of the ground floor shop which is let on a 10 year lease expiring May 2025 (review 2020) at £30,000 pax. Both flats above the shop are vacant.

Email: robert.counsell@tltsolicitors.com
Telephone: 0333 006 0815

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