12 February 2025: Wednesday 12 February 2025 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • High Yielding Multi-Let Investment Opportunity
    • Two Retail units with Offices to Upper Parts
    • Let to Four Tenants
    • Ground Floor Let to Nationwide and Age UK
    • Vacant Office Suite to Second Floor
    • ERV Approx. £100,000 per annum
    • Asset Management Potential
    • Popular High Footfall Location
    • Investment Let at £77,580 p.a. (12% GIY on Guide Price)
    • ERV Reflects 15.4% on Guide Price

    Description

    The property comprises a high yielding multi-let investment situated on a high footfall street in Biggleswade Town Centre.

    Arranged across ground first and second floors, the property comprises two self-contained retail units to the ground floor with office suites to the upper parts.

    The property is multi-let to four tenants, with the ground floor units occupied by national tenants Nationwide and Age UK. The upper parts are occupied by two healthcare providers; Spectrum Acoustic Consultants and Knightingles Healthcare Limited.

    The second floor includes a vacant office suite, offering asset management potential via letting or potential for conversion to alternative uses, including residential (subject to any requisite consents).

    We consider the property offers evident asset management potential via both the letting of the vacant suite to the second floor and the rent review to the first floor which was not implemented. We consider the current Estimate Rental Value (ERV) of the property if fully let to be in the order of £100,000 per annum.

    The property occupies a prominent pitch in the heart of Biggleswade and benefits from high footfall. Nearby occupiers include Specsavers, Boots, Subway and Iceland.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see the below Tenancy Schedule.

    Planning

    Whilst there are no extant planning consents, the property may be suitable for conversion to alternative uses, including residential (subject to the existing leases and any requisite consents).

    Rent

    £77,580 per annum
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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.

      Accommodation / Tenancy Schedule

      Local information

      Legal documents

      Login to view legal documents

      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.

      Addendums