Biggleswade - 55/57 High Street, Bedfordshire SG18 0JH Virtual Freehold Retail Investment

Biggleswade – 55/57 High Street, Bedfordshire SG18 0JH
Virtual Freehold Retail Investment

Biggleswade – 55/57 High Street, Bedfordshire SG18 0JH
Virtual Freehold Retail Investment

Investment Consideration:
▪    Purchase Price: £245,000
▪    Rental Income: £9,000 p.a.
▪    ERV: £19,700 GIY: 8.04%
▪    VAT is NOT applicable to this property
▪    Comprises two ground floor shops
▪    Benefits from right to use 2 parking spaces at rear
▪    Extensive roof works recently caried out
▪    Nearby occupiers include Iceland, Lloyds Pharmacy, Subway,
     Specsavers, Coral, Poundland and Barclays Bank.

Tenancies and Accommodation:
    P roperty                           Ac c ommodation           Lessee & Trade           Term         Current Rent £ p.a.                            Notes
    No. 5 5            Net Internal Area: 62 sq m (672 sq ft)         Vacant                               ERV: £10,200
    (Ground Floor)     Open Plan Retail, Office, Storage, WC

    No. 5 7            Net Internal Area: 49 sq m (527 sq ft)   Revilo Sports Limited   10 Years from         £9,500          Note 1: IRI
    (First Floor)      Open Plan Retail, Office, Storage, WC                             1 June 2016                          Note 2: Rent review on 01.06.2022
                                                                                                                              Note 3: Tenant option to determine on 01.06.2022 with
                                                                                                                              minimum 6 months notice

                                                                                           Total             £ 9 ,5 0 0
                                                                                            ERV              £ 1 9 ,7 0 0

Biggleswade – 55/57 High Street, Bedfordshire SG18 0JH
Virtual Freehold Retail Investment

 Property Description:
 The property comprises two ground floor retail shops providing the
 following accommodation and dimensions:
 Ground Floor No. 55 - 62 sq m (672 sq ft)
 Open Plan Retail, Office, Storage, WC
 Ground Floor No. 57 - 49 sq m (527 sq ft)
 Open Plan Retail, Office, Storage, WC

 Tenancy:
 No. 55 - The property is at present vacant. ERV: £10,200 per annum.
 No. 57 - The property is at present let to Revilo Sports Limited for a
 term of 10 Years from 1st June 2016 at a current rent of £9,500 per
 annum and the lease contains internal repairing and insuring
 covenants. Rent review on 01.06.2022 and tenant option to
 determine on 01.06.2022 with minimum 6 months notice.

 Tenure:
 Long Leasehold. The properties are held on a 999 Year leasehold
 from 25th March 2021 at ground rent of peppercorn.

Biggleswade – 55/57 High Street, Bedfordshire SG18 0JH
Virtual Freehold Retail Investment

   Location:
   Biggleswade is a market town and civil parish in Central
   Bedfordshire, England. Biggleswade lies about 40 miles
   (60 km) north of Central Londton and 20 miles (30 km)
   to the west-south-west of Cambridge. The properties
   are located opposite the junction with Station Road in
   the town’s main shopping throughfare with occupiers
   nearby including Iceland, Lloyds Pharmacy, Subway,
   Specsavers, Coral, Poundland and Barclays Bank.

Biggleswade – 55/57 High Street, Bedfordshire SG18 0JH
Virtual Freehold Retail Investment

  Contacts:
  To view copies of the leases, information on the title, other information, please contact Joseph Bachman
  or Prash Jaitley.

           Joseph Bachman – COO                                      Prash Jaitley – Managing Partner
           M: +44(0)77236 19270                                      M: +44(0)79618 53166
           E: joseph@bluealpine.com                                  E: prash@bluealpine.com

  Address:
  Blue Alpine Partners Limited
  Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG
  Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ

  Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will,
  however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a
  prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations
  before finalising any agreement to purchase or lease.