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Floorplan
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    Key features

    • To be offered on Wednesday 25 February
    • Freehold Ground Rent/Long Let Industrial Investment
    • Let to Richardson Milling UK Limited
    • New 125 year lease renewal from September 2025 (no breaks)
    • Lease expires September 2150
    • Income from the lease amounts to a minimum of £10.5M+
    • Comprises approximately 2.34 acres (0.95 hectares)
    • 10 yearly rent reviews
    • Investment let at £84,250 pa (6.02% on Guide Price)

    Description

    The property comprises an industrial site with various buildings which have been erected by the tenant. The site comprises approximately 2.34 acres (0.95 hectares). The tenant has constructed various specialist milling buildings on site, size/details unknown. They are also in the process of constructing a significant industrial facility currently.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Ground - approximately 2.34 acres (0.95 hectares)

    Tenancy

    Let to Richardson Milling UK Limited on a renewal for a period of 125 years from 29th September 2025 at a new rent of £84,250 per annum. Under the terms of the lease the rent is reviewed every 10 years to the higher of the open market rental value of the land alone, or 15% of the rental value of the land and buildings on the site.


    Please note the lease has not yet been granted but it is anticipated that this will be granted by completion of the sale.

    Rent

    £84,250 pa
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the east side of Windsor Road, in a predominantly industrial location approximately 1.8 miles south of Bedford. The property benefits from excellent road networks leading from the A421 to J13 of the M1.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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