Freehold Investment Property divided into 15 Self Contained Flats/Studio?s.
1 x 3 Bed, 3 x 1 Bed and 11 x Studio apartments. c. £105,000 gross income per annum. All apartments let on 6 month shorthold agreements.
2 minutes walk to mainline railway station.
The property is in close proximity to Bedford Town Centre providing excellent shopping facilities and within easy walking distance of the bus station.
Former Public House with letting rooms. c.4,750 sq ft accommodation over three floors. Cellar area ideal for storage. Gas fired heating throughout. Fenced courtyard garden to rear. New UPVC double glazed windows to be fitted in March 2016.
All 15 flats/studios are currently occupied, a copy of detailed rent schedule is available on request.
Planning permission was granted and implemented for the conversion of the ground floor to eight studios ref 15/00415/S73A.
All viewings to be made strictly via Compass Land & Development on 01234 351577.
The property is available freehold.
Guide price: Offers are invited in excess of £1,000,000, subject to contract for the freehold.
Conditions of sale:
I. The purchaser is to exchange unconditional contracts within 20 working days from the date their solicitors receive draft contract documentation.
II. Legal completion is to take place within 20 working days.
Compass Land & Development for themselves, and for the vendors of the land, whose agents they are, give notice that; (A) These particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (B) No person in the employment of Compass Land and Development has any authority to make or give any representation or warranty what so ever to the land. These details are presented subject to Contract and without prejudice. February 2016.
Property Features :
- FREEHOLD INVESTMENT PROPERTY
- DIVIDED INTO FLATS & STUDIO APARTMENTS
- TOWN CENTRE LOCATION
- C. £105,000 GROSS INCOME P.A.