Mixed Use Investment Development in a busy town centre location
Location
The premises are located in Queensway, Bletchley close to the entrance of the Brunel Shopping Centre. It is a pedestrianised area forming part of the main retail pitch of Queensway. Nearby occupiers include Coral, Home Bargains, Cash Converters and Barclays.
Accommodation
A self-contained three storey building comprising of a ground floor investment split into three retail units with vacant offices to the first and second floors. There is vehicular access to the rear of the property with parking for 21 cars.
Terms
The retail elements are let on the following basis:
143 - A Subhan and S Hussain on a 20 year lease expiring in April 2033 at a rent of £14,400 pax. There is an upwards only rent review and tenants break option in April 2028.
143a - Subway Realty Ltd on a 10 year lease expiring in May 2032 at a rent of £12,500 pax. There is a tenants break and upward only rent review in May 2027.
143b - The T Team Ltd on a five year lease expiring in November 2028 at a rent of £15,000 pax. The lease is excluded from the Security of Tenure provisions of the Landlord & Tenant Act 1954 Part II Sections 24-28.
The property is available For Sale at a guide price of £800,000 on an informal tender basis with offers to be received by 5.00pm on 18 March 2024.
Each tenant has the use of two parking spaces in the rear car park.