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Church Arcade, 1-18 Church Arcade & Dane Street, Church Arcade, Bedford, Bedfordshire, MK40
Church Arcade, Bedford (Inclusive of Units 1-18 Church Arcade, 18-20 Harpur Street & Dane Street Chambers, 20 Dane Street) MK40 1LQ
Description
The Church Arcade provides a covered retail thoroughfare home to a mixture of tenants including retail, food and beverage, health and beauty and leisure users.
The current contracted rental income is £151,000 per annum as detailed in the tenancy schedule. The property also provides asset management opportunities and potential for rental growth.
We are of the opinion that the street facing units provide potential for redevelopment of the upper parts (subject to planning).
Location
The Church Arcade spans between Harpur Street and Church Square forming part of the main pedestrianised area of the town centre, close to the bus station and a short walk from the mainline train station.
Nearby occupiers include B&M, Burger King, HSBC and Superdrug.
Bedford is the principle commercial and retail centre for Bedfordshire. Neighbouring towns and cities include Luton at 20 miles south, Milton Keynes at 18 miles west, Cambridge at 30 miles east and Rushden at 13 miles north.
The town benefits from excellent transport links and is strategically located between major arterial routes of the A1 and M1. The A421 southern bypass provides a dual carriageway link between Junction 13 of the M1 and the A1 at the Black Cat roundabout.
Bedford has a population of approximately 185,000 (2021 census) and a catchment population of approximately 322,000.
More Information
Accommodation
Mixed use town centre arcade comprising 21 separate units set out over ground, first and second floors with shared service yard accessed from Harpur Street
Each ground floor unit has shop frontage facing into the arcade and the end units benefit from return frontage onto Harpur Street and Church Square.
The Dane Street Chambers element of the property is accessed from Dane Street via its own entrance at ground floor with stairwell leading to accommodation across the second floor.
The floor areas have been provided by the seller based on a recent measured survey. Copies of the floor plans can be provided separately upon request.
EPC
TBA