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Floorplan
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    Key features

    • To be offered on Wednesday 25 February
    • Freehold Industrial Investment
    • Let to Bedford Pumps Ltd
    • 9 year lease from April 2023 (expiring April 2032)
    • Comprises approximately 1,618.45 sq m (17,421 sq ft)
    • Asset management opportunities to potentially split the units (subject to consents)
    • Guide Price reflects a low capital value of £61.71 psf
    • Rent reflects approximately £5.62 psf
    • Investment let at £98,000 pa (9.12% on Guide Price)

    Description

    The property comprises an industrial terrace on the popular Woburn Road Industrial Estate. The building includes ground floor industrial together with internal mezzanine floors.

    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 Industrial/Office - 1,253.36 sq m (13,491 sq ft)

    First (Office) - 332.80 sq m (3,582 sq ft)

    Mezzanine (Storage) - 32.29 sq m (348 sq ft)


    Total - 1,618.45 sq m (17,421 sq ft)

    Tenancy

    Let to Bedford Pumps Ltd on three coterminous 9 year FRI leases from 29.04.2023, expiring 28.04.2032 at a total of £98,000 pa. There is an open market rent review in April 2026. The tenant benefits from break options every third anniversary of the term.

    Notes

    Please note the lease terms at the property have been updated and are not as previously stated: 9 year lease from 29.4.2023. The tenant benefits from break options every third year. Please see Tenancy Section.

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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.

      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.

      Local information

      The property is located on the south side of Brooklands, in a well established industrial area of the Woburn Road Industrial Estate, approximately 2.8 miles south-east 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.

      Addendums