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

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

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

 Investment Consideration:
     Purchase Price: £120,000
     Gross Initial Yield: 7.92%
     Rental Income: £9,500 p.a.
     VAT is NOT applicable to this property
     Comprises ground floor retail shop t/a clothes store
     Benefits from right to use 1 parking space 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 7 High Street   Net Internal Area: 49 sq m (527 sq ft)   Revilo Sports Limited   10 Years from         £9,500          Note 1: IRI
     (Ground 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

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

Property Description:
The property comprises ground floor retail shop t/a clothes store
with the right to use 1 parking space at rear and provides the
following accommodation and dimensions:
Ground Floor: 49 sq m (527 sq ft)
Open Plan Retail, Office, Storage, WC

Tenancy:
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 six month notice.

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

Biggleswade - 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 property is 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 - 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.