56 St Loyes Street, Bedford, MK40

56 St Loyes Street Bedford

Description

The premises forms part of a purpose built three storey parade of retail / office units with allocated parking to the rear.

The premises benefits from open plan office / retail space, meeting rooms and private offices across three levels. The kitchen and WC facilities are located on the second floor.

Parking for one car is provided at the rear and vehicular access is via Brace Street which is adjacent to the entrance of the Allhallows multi storey car park.

The property offers potential for development / conversion (subject to planning). Retention of the ground floor for continued commercial use and conversion of the upper floors to residential would be one option. Alternatively, the property could be retained for continued investment purposes with potential for increased rental income.

The property is currently occupied and income producing. Historically this area of town has been populated by estate agents and recruitment companies.

Location

The properties are situated within the Allhallows area of Bedford town centre which is a busy link between the town, the bus station, the train station and the prime shopping streets of Midland Road and Silver Street.

The whole stretch of Allhallows from St Loyes Street down to Midland Road, and Church Square has recently been subject to a major re-landscaping project by the local authority. The project included improved pavements, roads and enhancements to the street scene including new seating, cycle stands, and lighting which has vastly improved the aesthetics of the area.