Property description

Compass are pleased to bring to the market this ground floor retail shop unit, with residential accommodation above. The property lies on the busy Ampthill Road in Bedford which links Bedford town to Kempston and the Bedford bypass. The town of Bedford is situated approximately 10.5 miles from junction 13 of the M1 and approximately 9 miles from the A1. The Bedford southern bypass provides a direct link to the A1 and the mainline railway station can be found on the Western fringe of Bedford town centre providing fast and frequent commuter links to London & The North. Call Compass Residential Homes on 01234 214234 to arrange your viewing.
LOCATION -
The property is an established semi detached building that benefits from a large, modern shop frontage leading to a predominantly open plan retail shop unit with storerooms, kitchen areas and further living accommodation to the rear.
The upper part of the building has a separate entrance point and currently has 4 bedsits on the first floor and a 1 bedroom apartment on the second floor. All are currently being let on short hold tenancy agreements. The bedsits are charged at £100.00 per week and the apartment brings in a rent of £510.00 per calendar month.
ACCOMMODATION -
Sq M Sq Ft
Ground Floor 173 1,872
First Floor 77.5 834.5
Second Floor 68.6 738.4
Total 319.1 3,444.9
SERVICES -
We understand that mains electricity and water are available at the premises, however we recommend that all interested parties check with the relevant statutory authorities as to the existence, adequacy, or otherwise of these services for their own purposes.
NB: None of the services have been tested and it is the responsibility of the proposed purchaser to satisfy themselves as to their operation and condition.
TERMS & TENURE -
The premises are available for sale Freehold at an asking price of £550,000.
BUSINESS RATES -
From information obtained from the Valuation Office Agency website, www.voa.gov.uk, the ground floor has a current rateable value of £18,250.00 per annum.
It is the proposed purchaser?s responsibility to fully satisfy themselves and verify the business rates by contacting the local authority.
PLANNING -
We understand that the ground floor of the premesis benefits from ?A1? use, however it is the proposed purchasers responsibility to fully satisfy themselves in this instance by contacting the local authority.
V.A.T -
All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989. Accordingly, interested parties are advised to consult their processional advisors as to their liabilities.
ENERGY PERFORMANCE RATING -
The property currently holds a valid EPC with a rating of D, a copy of the full report is available upon request from our offices.
COUNCIL TAX TELEPHONE BEDS BOROUGH COUNCIL DIRECT LINE 01234 221659.
EDUCATION DEPARTMENT: TELEPHONE BEDFORDSHIRE COUNTY COUNCIL DIRECT LINE: 01234 228852.
PLEASE NOTE: NONE OF THE SYSTEMS & APPLIANCES IN THIS PROPERTY HAVE BEEN TESTED.
PLEASE NOTE: THE PURCHASER IS ADVISED TO OBTAIN VERIFICATION FROM THEIR SOLICITOR AND/OR SURVEYOR TO THEIR OWN SATISFACTION.
PLEASE NOTE: AMPLE POWER POINTS THROUGHOUT THIS PROPERTY.
Money Laundering Act 2004 we are required to obtain photographic identification of any persons purchasing a property through our firm. Upon acceptance of an offer you will need to provide an original official document e.g. new style driving license/passport for copying purposes, to be held on file in order to comply with our obligations as estate agents covered by the act.
Compass Residential Homes for themselves, and for the vendors of the property, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Residential Homes has any authority to make or give any representation or warranty whatsoever in relation to the property. JANUARY 2015. These details are presented Subject to Contract and Without Prejudice.

Property Features :

• Retail shop unit
• Store rooms
• Kitchen area
• Living accomodation
• 4 bedsits to 1st floor
• 1 bedroom apartment
• Good rental income
• Ideal investment