Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
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.
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