LOT 31

6 & 8 North Street, Leighton Buzzard, Bedfordshire, LU7 1EN

FREEHOLD INVESTMENT WITH PLANNING PERMISSION TO CONVERT GROUND/FIRST FLOOR OFFICES TO 3 FLATS & ADDITIONAL SHOP

Result: Withdrawn - Refer to Auctioneer Guide price: £430,000 plus*

Auction Date

Tuesday, 14th September 2021 12:00am

A two storey, Grade II Listed property comprising a double shop with separate front access to ground/first floor offices and a yard with parking. Located within this attractive market town, close to the High Street and about ¾ mile from Leighton Buzzard railway station.

Accommodation

6 North St: 853 sq ft (79.3 sq m) plus 3 parking spaces
Let on a repairing and insuring lease to Keech Hospice Care (having 33 branches) for 10 years from 16.01.2020 at £13,500 p.a. Rent review and tenant's break 2025.
Ground & First Floor Offices, 8 North St:
1,314 sq ft (122.1 sq m) plus 3 parking spaces
Let on a Law Society Business Lease to A Ryder & D Ryder from 29.09.2020 to 23.06.2023 at £15,000 p.a. Rolling mutual break on 3 months' notice. The provisions of sections 24-28 of the Landlord & Tenant Act 1954 (security of tenure) are excluded.

EQUIVLANT TO £28,500 p.a. WITH PLANNING PERMISSION TO CONVERT GROUND/FIRST FLOOR OFFICES TO 3 FLATS & ADDITIONAL SHOP

Planning

Planning Permission GRANTED by Central Bedfordshire Council on 21.08.2020 Ref: CB/19/00718/FULL for conversion of first floor to 3 flats.
Plans show 3 x 1 bed flats and a ground floor shop:
Flat 1 - 473 sq ft (44 sq m)
Flat 2 - 452 sq ft (42 sq m)
Flat 3 - 484 sq ft (45 sq m)
Shop - 247 sq ft (23 sq m)

Note

1. VAT is payable (TOGC available).

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

Status

Withdrawn - Refer to Auctioneer

Addendum

The property is within a conservation area.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.