Market Square, Sandy

This freehold, former coaching inn occupies a prominent position on the Market Square, and offers an excellent investment opportunity with the chance to enlarge the building further, for sale by Public Auction on Wednesday 13th August 2025.

The ground floor of this former public house is let under a commercial lease to an established hair salon, which has been in occupation since 2012 and now pays £23, 354 per annum. On the first floor is a generous-size two-bedroom flat, let under an Assured Shorthold Tenancy agreement until 31st July 2025, for an annual rent of £12,000, giving a combined income of £35,354 per annum.

The building benefits from a large basement, and at the rear a sizeable section of the building is single storey, offering the potential of adding a second first-floor flat, subject to any necessary consents. Also at the rear is an outside space that comprises a fenced area and pathway at the rear of the building, plus a gated shared driveway at the side. Internally there is a sizeable main salon plus a number of treatment rooms, a toilet and a kitchen on the ground floor. Then on the first floor, there are two bedrooms, a sitting room, a separate kitchen with a window, a bathroom with a window, and a hallway.

Tenure:
Freehold

Tenancy:
The ground floor has been let under a commercial lease to the same tenant since 2012, first on a 6-year term and now on a 9-year term with two years remaining. We are advised that the tenant wishes to remain beyond the end of this 9-year term. The rent is paid quarterly (£5,838.57).
The first-floor flat has been let under an AST generating £1,000 pcm. The tenants have served notice on the landlord, and they wish to vacate on 31st July.

Viewings:
Thu 31 Jul 09:30-10:00
Tue 5 Aug 09:30-10:00
These are open house viewings, you do not need to make an appointment you can simply attend between the published times.

** The auction is being held at the Delta Marriott Hotel, Timbold Drive, Milton Keynes MK7 6HL on Wednesday 13th August 2025 and will start at 12:00; it is a public auction so you can just turn up on the day you do not need to pre-register.

You can also register for telephone/proxy/internet bidding online from the 4th August 2025 by following the link below and clicking on the yellow box Register to Bid: **

EPC Rating:
1: B 1A: E

VAT:
VAT is not applicable

Seller's Solicitor:
Waterfields Solicitors
Ref: Soil Ullah
445 Roman Road, London, E3 5LX

s.

Local Authority:
Central Bedfordshire Council -

Buyers Premium:
There is no Buyer's Premium payable on this lot.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Administration Charge:
Purchasers will be required to pay an administration fee of £1,500 incl. VAT