Ground floor end terrace double fronted convenience store with customer parking to the front. The convenience store has been recently refurbished. The two flats are accessed via an external staircase and walkway to the rear of the building. Both flats comprise 2 bedrooms, family bathroom, kitchen and living room.
The ground floor retail unit is let to Ratheesan Vinayagamoorthy (t/a One Stop Convenience Store) on an effective 15-year FRI lease from 01 April 2020 at a rent of £30,000 p.a.x with a fixed uplift on 01 May 2025 to £33,000.
The two flats are each let on Assured Shorthold Tenancy (ASTs) agreements, at £595 pcm per flat.
Total rental income is therefore £44,280 p.a.x
Location
The property is located on a well established and busy local centre on Chiltern Avenue in Bedford, approx. ¼ mile north east of Bedford town centre.
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