Investment property for sale 15-19 Mill Street, Bedford, Bedfordshire, MK40 3EU
£550,000
- 4,198.00 Sq Ft
Key Details
Property Type
Investment
Size
Tenure
Freehold
- Guide price £550,000 plus VAT
- £54,140 income generated per annum
- Town centre location
- Allocated parking to the rear
The property consists of three ground floor retail units all fully let on 10 year lease terms creating an income of £50,735 per annum exclusive.
The freeholder benefits from ground rents payable by long leaseholders of £3,405 per annum. The ground rents are subject to increases every 10 years linked to RPI.
The building has recently undergone extensive conversion of the upper parts from offices into residential apartments. The ground floor retail units have equally been refurbished and offer prominent shop frontage in the heart of Bedford town centre.
