Commercial Properties For Sale in Bedford Castle, Bedford, Bedfordshire
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This former bank premises is situated at the heart of Bedford town centre. Internally the property has been stripped back to make way for split electrical works, making this a prime residential redevelopment opportunity to create a ground floor commercial area with separate access to first floor level, subject to planning.
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Available to purchase freehold, this mixed use town centre investment comprises ground floor retail unit currently let at a passing rent of £10,200 per annum. The commercial tenant has been a longstanding occupier of the premises since the 80's. The first floor flat has its own entrance from the High Street and comprise entrance hall, open plan living / dining / kitchen and double bedroom with ensuite. The flat is currently producing a rental income of £750 per month and the tenant has an assured shorthold tenancy agreement.
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The property comprises a prominently positioned, multi-level commercial premises located on St Loyes Street in the heart of Bedford town centre, benefiting from strong footfall and close proximity to the High Street and established leisure operators. The premises is currently let and falls within Use Class E, with extraction in place, supporting its ongoing commercial use. The property is held on a lease with approximately 6 years remaining, producing an annual rental income of £20,000 per annum. The lease incorporates rent review provisions, offering the potential for future income growth and making the asset an attractive investment opportunity.
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Prominently positioned on St. Loyes Street, just off Allhallows in the heart of Bedford town centre, this attractive ground floor retail unit presents an excellent opportunity for a wide range of retail, leisure, or service-based occupiers. Benefiting from a busy high-footfall location just a short walk from Bedford Bus Station, the property offers a well-presented and versatile retail space, complemented by a kitchenette and W.C. facilities. Ideally suited to businesses seeking a highly visible, central, and easily accessible trading position within one of Bedford's established commercial areas.