Property for saleThe Paddington, Midland Road, Bedford
With an annual income in excess of £100,000, this fully let freehold block of apartments is divided to form 15 self-contained flats and is located between the main line station and the town centre.
This substantial building was formerly a licensed inn and offers in excess of 4,700 square feet of accommodation over three floors. To the rear is a fenced courtyard garden. Work has commenced in November 2016 to install replacement double glazed windows with these works are to be completed in December 2016.
Ground Floor Accommodation:
Communal entrance, hallways and eight studio flats.
First Floor Accommodation:
Communal hallways, three studio flats and three one bedroom flats.
Second Floor Accommodation:
One three bedroom flat.
Individual Rental Rental Income:
Flat 1 - £600 Flat 2 - £600 Flat 3 - £575 Flat 4 - £575 Flat 5 - £550 Flat 6 - £550 Flat 7 - £600 Flat 8 - £600 Flat 9 - £480 Flat 10 - £525 Flat 12 - £550 Flat 13 - £500 Flat 14 - £600 Flat 15 - £575 Flat 17 - £1,050
Gross Annual Rental Income:
Flats 1,2,3,4,5,6,8,10,11,12,13,14,15 and 16 - Grade C Flats 7 and 9 - Grade D Flat 17 - Grade F
Open House Viewings:
Wed 30 Nov: 14:30 - 15:30
Thu 8 Dec: 14:30 - 15:30
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Bedford Borough Council - 01234 267422
Taylor Walton Solicitors, 28 - 44 Alma Street Luton Bedfordshire LU1 2PL, Ref: Steve Griffiths - firstname.lastname@example.org, Tel: 01582 731161
Auction Date: 15-12-16
Lot No: 12
Sold Price: UNSOLD
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