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161 Castle Rd 803 sq ft Retail Unit Offered at £450,000 in Bedford MK40 3RT
INVESTMENT HIGHLIGHTS
- Located on small retail parade
- Good road connectivity
- Suburban catchment area
EXECUTIVE SUMMARY
The historic market town of Bedford with its attractive riverside frontage is centrally located to London, Oxford, Cambridge and Milton Keynes. Bedford is located approximately 50 miles north of London, 10 miles east from Junction 13 of the M1 motorway accessed via the A421, and 9 miles west of the A1 via the A428 and A603.
PROPERTY FACTS
| Total Property Size | 1,001 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 402 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1900 |
| Costar Property Class | B | Total Plot Size | 0.08 ac |
| Total Property Size | 1,001 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 402 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.08 ac |
AMENITIES
- Signage
- Storage Space
1 UNIT AVAILABLE
Unit 161
| Unit Size | 803 sq ft | Sale Type | Investment |
| Price | £450,000 | Tenure | Freehold |
| Price Per sq ft | £560.40 | Net Initial Yield | 2.89% |
| Unit Use | Retail | NOI | £13,000 |
| Unit Size | 803 sq ft |
| Price | £450,000 |
| Price Per sq ft | £560.40 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 2.89% |
| NOI | £13,000 |
DESCRIPTION
The property is a retail unit in a very popular location. It has a good window display and frontage, with a spacious open plan retailing area. It has a further storage area, as well as secure external storage and shared access to the rear. Above the retail there is also a 2 bedroom first floor flat with separate access from the rear.
SALE NOTES
The premises is currently let by way of a 15 year full repairing and insuring lease, with approximately 12 years remaining, at a passing rent of £13,000 per annum. The flat is let at £850 per calendar month.
NEARBY MAJOR RETAILERS
Presented by
161 Castle Rd
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