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Property for sale

The Paddington, Midland Road, Bedford

Guide Price* £850,000

Property Description

Full description

Tenure: Freehold

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.

Local Authority:
Bedford Borough Council - 01234 267422

Taylor Walton Solicitors, 28 - 44 Alma Street Luton Bedfordshire LU1 2PL, Ref: Steve Griffiths -, Tel: 01582 731161

Auction Date: 15-12-16
Lot No: 12
Sold Price: UNSOLD

More information from this agent

Listing History

Added on Rightmove:
24 November 2016

Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Beds & Bucks on 01234 362899.

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