* Virtual Freehold Retail Investment
* Comprises ground floor shop t/a vape shop
* Let until 2033. Rpi linked rent review in 2028
* Nearby occupiers include Post Office, Halifax, Argos, Subway, Waitrose and more.
Investment Consideration:
Gross Initial Yield: 6. 67%
Rental Income: £21, 000 p. a.
VAT is not applicable to this property
Comprises ground floor retail shop with 1 parking space at rear
Town centre location within 10 minute walk to Leighton Buzzard train station
Nearby occupiers include Post Office, Halifax, Argos, Subway, Waitrose and
more.
Property Description:
The property comprises ground floor retail shop with shared WC and allocated
parking space in a gated yard, providing the following accommodation and
dimensions:
Ground Floor: 75 sq m (807 sq ft)
2 Rooms, Storage, Lobby, Shared WC
Tenancy:
The property is at present let to an Individual for a term of 10 years from
30th January 2023 at a current rent of £21, 000 p. a. And the lease contains
full repairing and insuring covenants. Rent review linked to rpi on
30. 01. 2028. No breaks. Deposit held of £5, 250. Lease within 1954 Landlord &
Tenant Act.
Tenure:
Long Leasehold. Held on a 999 Year lease from 24th May 2023 at a ground rent
of peppercorn.
Location:
Leighton Buzzard is a market town in Bedfordshire, England, near the Chiltern
Hills, between Aylesbury, Tring, Dunstable and Milton Keynes 36 miles
northwest of Central London, and linked to the capital by the Grand Union
Canal and the West Coast Main Line to London Euston. The town is close to the
M1 motorway and A5 road, and is served by Southern and London North - western
Railway services on the West Coast Main Line railway at Leighton Buzzard
railway station (in Linslade). The railway operates non - stop commuting
services to Euston railway station, with the fastest peak journey times less
than 30 minutes. The property is located within 0. 6 miles to Leighton Buzzard
Train station, which provides direct services to London Euston in less than 30
minutes. Nearby occupiers include Post Office, Halifax, Argos, Subway,
Waitrose and more.

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