A Mid Terrace Building Measuring 17,225 sq ft and Arranged to Provide a Lower Ground and Ground Floor Commercial Unit with First and Second Floor Ancillary Space Fully Let to Iceland Food Ltd Producing £175,000 Per Annum (Not Currently in Occuption). Plans have been Drawn up for the First and Second Floors to be Converted into Seventeen Flats. (25% Yield on the Guide Price).

The property comprises a mid terrace commercial building arranged over four floors. Plans have been drawn up to convert the upper parts into 17 flats. No planning application has been submitted for this scheme. Drawings of the proposed plans are available in the legal pack. We make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history.

Tenure

Freehold

Let to Iceland Foods Ltd Until December 2026

Location

The property is situated within Bedford City Centre close to local shops and amenities. Nearby multiples include JD Sports, Boots and Halifax. The open spaces of Russell Park are within easy reach. Transport links are provided by Bedford rail station.

Accommodation

Lower Ground and Ground Floors Commercial Unit First and Second Floors Ancillary Space Total G.I.A Measuring Approximately 17,225 sq ft

Tenancy

The property is let to Iceland Foods Ltd until 19th December 2026 at a rent of £175,000 per annum (not currently in occupation).

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.