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Riverside North 10,813 sq ft 86% Let Retail Property Bedford MK40 1AS £12,420,000 (£1,148.62/sq ft) 10% Net Initial Yield
Investment Highlights
- Bedford is a growing town in the southeast of England with a primary catchment population of over 300,000 people
- Secured to Premier Inn, Vue Cinema, Zizzi, Miller & Carter (Mitchells & Butlers Retail Ltd), Wagamama & Loungers
- 100 bedroom hotel let to Premier Inn Hotels Ltd at a low current room rate of £5,187 pa.
- Constructed in 2017, the property comprises a modern leisure, hotel and residential scheme
- A substantial 3 acre site and a combined total f loor area of 170,376 sq ft (15,828.4 sq m).
Executive Summary
The asset generates a net operating income of £1,325,372 per annum and benefits from a WAULT of 14.41 years to expiry and 10.51 years to break, with rent reviews scheduled for 2027. Held long leasehold from Bedford Borough Council (240 years unexpired) at a peppercorn rent, the property is offered via a Jersey-based SPV for a corporate deal. Bedford’s position as a leisure destination is reinforced by the recent closure of Cineworld out of town and the proposed first Universal Studios in the UK just 5km south, presenting a compelling investment opportunity.
Property Facts Sale Pending
Amenities
- Bus Route
- Controlled Access
- Commuter Rail
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This unit is opposite the busy Vue cinema with an attractive facade and outside seating protected from thew weather but with views of the river. Incentives available.
This prominent unit is close to the Vue cinema, restaurants and Premier In hotel of this prestigious development. It comes with extensive outside seating facing the river.
A fully fitted unit fitted as a dessert parlour available to occupy immediately either as a dessert parlour or other F&B use. Located next to the Vue cinema entrance near Taco bell and with main road frontage.
| Space | Size | Space Use | Position | Available |
| 4a | 3,644 sq ft | Retail | In-Line | 30 Days |
| 5a | 1,437 sq ft | Retail | In-Line | 30 Days |
| Unit 4b1 | 1,515 sq ft | Restaurant | - | Now |
4a
| Size |
| 3,644 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
5a
| Size |
| 1,437 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
Unit 4b1
| Size |
| 1,515 sq ft |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
4a
| Size | 3,644 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
This unit is opposite the busy Vue cinema with an attractive facade and outside seating protected from thew weather but with views of the river. Incentives available.
5a
| Size | 1,437 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
This prominent unit is close to the Vue cinema, restaurants and Premier In hotel of this prestigious development. It comes with extensive outside seating facing the river.
Unit 4b1
| Size | 1,515 sq ft |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
A fully fitted unit fitted as a dessert parlour available to occupy immediately either as a dessert parlour or other F&B use. Located next to the Vue cinema entrance near Taco bell and with main road frontage.
Nearby Major Retailers
Presented by
Riverside North
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