Retail premises for sale in Market Square, Biggleswade SG18, £650,000

650,000.00

Offer Nr.:
56473909
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Brian Croker Property Consultancy
Phone(s):
020 8115 4036

**Location**
Market Square is ideally located just to the south of the main High Street in
Biggleswade in an attractive part of this historic market town. The property
enjoys a prominent frontage to Market Square and public parking is available
immediately outside the building and around the remainder of Market Square.
Biggleswade has grown rapidly in recent years, primarily due to its good
transport links along the A1 between London and the North, as well as
benefitting from a train station with main rail links to London.
Other occupiers in this popular part of the town centre include, Lloyds
Pharmacy, Barclays Bank, Iceland, Coral, Poundland, Lloyds Bank and a range of
independent retail and service business.
**Description**
These two retail units form part of a recently refurbished building with
residential units above.
The retail investment includes Subway and Specsavers as the upper parts which
will be retained by the freeholder who will be granting a long leasehold
interest for both retail units.
**Rental schedule
**
21 market place
Let to Subway Realty Limited.
The let area is 1, 405 sq. Ft. (approx. )
Current Lease: 15 year lease was signed on 19th November 2015, with an initial
rent being £17, 500 per annum.
The lease contains provision for review on the 19th November 2020 and 19th
November 2025.
Rateable value £17, 000. 00
20 market place
Let to SpecSavers Optical Superstores Limited.
The let area is 2, 773 sq. Ft. (approx. )
Current Lease: 10 year lease commenced on the 21st October 2015 with an
initial rent being £32, 500pa.
There is provision for review on the 21st October 2020.
Rateable value £21, 250. 00
The floor areas are measured as approximate, and interested parties are
advised to check these measurements.
**Current leases**
They are available upon request.
**Price**
Offers in excess of £650, 000. 00 for the long leasehold interest of both retail
units.

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