Description

14a. Ground/first floor (and basement) retail premises let at £13,000 per annum exclusive for a period of 12 years from 25 December 2016. The tenant trades as a hair/beauty salon (OMV likely £15,000 per annum).

14. The tenant has exercised their break option and will be vacating early 2022. We are appointed to locate a new tenant and are quoting £14,000 per annum, being an uplift from the passing rental of £11,000 per annum.

16. Let in 2020 at £9,000 per annum exclusive.

16a. Large first floor apartment let upon an AST at £8,100 per annum (OMV likely £9,000 per annum).

There is a lapsed planning consent for the development for a two bed apartment to the rear of no. 16.

Current rental income – £41,100 per annum exclusive.

Location

Toddington is a desirable village within Mid Bedfordshire, having good access to the M1, Junction 12, A5 (Dunstable to Milton Keynes) and Harlington train station. Within the village centre is a lengthy parade of shops/businesses where rarely do premises become available to lease/purchase.

Terms

The freehold interest is available, being subject to the existing tenancies, for £725,000, showing a return of 5.67%.

Legal Costs

Each party to bear their own legal costs incurred.

VAT

We are advised V.A.T. is not applicable.