Guide Price £435,000 For Sale

High Street, Sandy, Bedfordshire


Description

Sandy is a popular market town within Bedfordshire. Its located 18 miles to the west of Cambridge and 8 miles to the east of Bedford, 44 miles north of Central London. The A1 from London to Edinburgh also runs to the west of the town.
Sandy is situated on the A1 which hugs the western edge of the town. Within close proximity is the A603 to Bedford as well as the B1042 to Potton and Cambridge. There are a number of bus routes, including the 73 from Biggleswade to Bedford. Sandy railway station is also within the town providing services to London King's Cross and north to Peterborough. Journey times to London King's Cross typically range from 45 minutes to one hour.


The Property

The Betting Shop is located in a prominent High Street location in the heart of Sandy. It is in a prime position within the High Street with a number of other car parks a short walk from the town centre.

Accommodation

The property is approximately 129 sq.metres (1389 sq.ft) and comprises of the betting shop, Kitchen, Courtyard and three W.C's.

Freehold

The property is let to Betfred with 5 1/2 years remaining on the lease (expires 2023) and generates £24,000 p/a in rent. Business will be unaffected.

This also includes the freehold of two apartments above the shop. The owner of the leasehold pays £95 P/A Ground Rent (per apartment) and there is currently 105 years remaining on the leases.


Price

Guide Price : £425,000. A sale at this price would reflect a net initial yield of c. 5.65% after purchase costs.


Viewing

By appointment only by calling harveyrobinson on 01480 454040.

Room Information

GROUND FLOOR

The Property

The shop is located in a prominent High Street location in the heart of Sandy town centre.

Accommodation

The property is leased to Betfred and is approximately 129 sq.metres (1389 sq.ft) and comprises of open floor betting shop, Kitchen area and three Cloakrooms.

Lease

The freehold of the property is being sold which includes the freehold of two apartments above the shop. The property is currently let to Betfred and there is 5 1/2 years remaining on the lease which generates £24,000 per annum in rent. Business is unaffected.

The two apartments also generate £180 P/A in ground rent.

Viewing Arrangements

For more information or to arrange a viewing please contact our St. Neots office.

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