148 London Road, Bedford, Bedfordshire, MK42

148 & 148A London Road, Bedford, MK42 0PR

Description

The property comprises ground floor retail unit with separate first floor two bedroom apartment, off road parking to the front and side with garage and garden to the rear.

The ground floor is currently leased to Piper & Eve Bridal Ltd for a term of 5 years from 01st September 2023 at a passing rent of £15,000 per annum. The lease is contracted outside of the Landlord & Tenant Act in respect of Sections 24 - 28 and is drafted on full repairing and insuring terms. A copy of the lease can be provided upon request.

The first floor is let by way of an assured shorthold tenancy agreement at a current rent of £975 per month (£11,700 per annum).

The corner plot provides potential to extend and build additional accommodation to the rear of the property. Planning consent under application number 23/00272/FUL has been granted for the erection of a block of two apartments at rear. For more information please speak to the agent with regards to future development of the site.

Location

The property occupies a highly visible corner plot on London Road (A600) Bedford, approximately 1 mile south from the town centre and within easy access of the A421 Bedford Bypass.