Property description

Freehold Investment Sale - Located close to town centre - Office Building extending to c1,774 sq ft (GIA)
The property comprises a 1970?s single and part two storey building currently let on a five year lease from 2014 - 2019 to Swan Staff Recruitment, at rent of £19,000 pa (we believe that the lease is within the Landlord and Tenant Act).

The property is next to a multi-storey office building which has a planning consent for residential redevelopment. The property benefits from five allocated parking spaces.
Redevelopment potential (subject to necessary consents).
Location
Bedford is 14 miles to the east of Milton Keynes and 25 miles to the west of Cambridge. Melbourne Street is on the edge of Bedford town centre and conveniently situated for both Bedford Railway stations. Bedford main line railway station has fast, frequent trains to London St Pancras International and will benefit from the proposed new east west rail line linking Cambridge and Oxford . The site also affords good access to the A421 dual carriageway linking the A1 and M1 motorways.
Services
We believe that all main services are connected to the building but interested parties should make their own enquiries. Existing Wayleaves, Easements and Rights of Way: The property is to be sold subject to and with the benefit of any wayleaves, easements and rights of way whether or not mentioned in these details.
Tenure
The property is to be sold freehold subject to the existing lease.
Terms:
Guide price: Offers are invited in excess of £350,000.
Conditions of sale: i) The purchaser is to exchange unconditional contracts within 20 working days from when their solicitors receive draft contract documentation.
ii) Legal completion to take place within 20 working days from exchange.
iii) If the site is redeveloped in the future, it is to be agreed that Compass are retained as sole selling agents for the site or resultant new homes units.
For further details please contact Compass Land & Development on 01234 351577.
Compass Land & Development for themselves, and for the vendors of the land, 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 Land and Development has any authority to make or give any representation or warranty what so ever to the land January 2017. These details are presented subject to Contract and without prejudice.

Property Features :

• Freehold Investment Sale
• Office Building close to town centre
• Redevelopment potential
• Five allocated parking spaces