Available
Kempston – Florist & Vacant Retail
95/97 High Street, Kempston, Bedford MK42 7BSFreehold Grade II Listed Retail Investment
Price
£310,000
Rent P.A.
£12,600
Yield
ERV: £27,600 p.a.
Tenure
Freehold
Lease Term
1 Years
Years Left on Lease
Holding Over
Area
1,270 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- No.97 benefits from gated yard, suitable for vehicle parking
- Comprises ground floor shop t/a florist (No.95) and a vacant retail premises over ground and first floor (No.97)
- Nearby occupiers include Papa John`s Pizza, BP Petrol Station and Co-Op Food, amongst other local retailers.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises Grade II Listed building arranged as a ground floor shop t/a florist (No.95) and a vacant retail arranged over ground and first floor (No.97), providing the following accommodation and dimensions:
No. 95
Ground Floor: Shop 46 sq m (495 sq ft)
3 Rooms, WC
No. 97
Ground Floor: Shop 25 sq m (270 sq ft)
2 Rooms, Yard suitable for parking up to 2 cars
First Floor: Ancillary 47 sq m (503 sq ft)
2 Rooms, Kitchenette, Bathroom
No. 95
Ground Floor: Shop 46 sq m (495 sq ft)
3 Rooms, WC
No. 97
Ground Floor: Shop 25 sq m (270 sq ft)
2 Rooms, Yard suitable for parking up to 2 cars
First Floor: Ancillary 47 sq m (503 sq ft)
2 Rooms, Kitchenette, Bathroom
Tenancy Description
No.95 Ground Floor Shop is at present let on Tenancy at Will to an Individual for a term of 1 year from 1st May 2022 at a current rent of £12,600 per annum and the license contains full repairing and insuring covenants.
No.97 Ground/First Floor is at present vacant. ERV: £15,000 p.a.
No.97 Ground/First Floor is at present vacant. ERV: £15,000 p.a.
Tenancies & Accommodation
Location Description
Kempston is a town and civil parish in the Borough of Bedford, Bedfordshire, England. It had a population of 19,330 in the 2011 census. Kempston is part of Bedford's built-up area and is situated directly south-west of Bedford. Transport links include excellent access to the A421 bypass linking to both the A1 and M1 and Milton Keynes and for people commuting by train, Bedford Station linking to St Pancras lies approximately 2 miles away. The property is ideally located for all of the Kempston's amenities including well respected schools, Addison Park and the Saxon Centre which contains Sainsbury’s supermarket, Costa Coffee and other national retailers.
