Property Details
Holly Lodge, 8 St Andrews Road, Bedford, MK40

Investment, Residential, Land - Residential Development Site Single

Size 0.25 Acres (0.1 Hectares)

For Sale £155,000 Offers in the region of


Freehold for sale of a substantial detached Victorian premises converted in to 12 separate apartments with a block of 6 garages to the rear.

All 12 apartments are subject to long leasehold interests. 5 have been extended to 164 years from 1990. The remaining 7 flats have 99 years from 1990.

11 flats pay £150 per annum ground rent to the freeholder. The other flat pays a peppercorn ground rent.

With 7 long leaseholders having 69 years left to run on their leases, the investments offers future income potential by way of a premium payable to the freeholder on request for a renewal from the long leaseholders (subject to negotiation).

The garage block is situated to the rear of the plot and is accessed via a shared drive form St Andrews road.

Each garage benefits from lockable up and over doors and can be rented separately by the freeholder as a further source of income.

The garage block also offers development potential (subject to planning).

Property Contact Details
Nathan George

BSc (hons) MRICS

Head of Lease Advisory

01234 905128

Karl Saralli

Surveyor | Agency

01234 905128