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161 Castle Rd 803 SF Retail Condo Unit Offered at $829,108 CAD in Bedford MK40 3RT
INVESTMENT HIGHLIGHTS
- Located on small retail parade
- Good road connectivity
- Suburban catchment area
EXECUTIVE SUMMARY
The historic market town of Bedford with its attractive riverside frontage is centrally located to London, Oxford, Cambridge and Milton Keynes. Bedford is located approximately 50 miles north of London, 10 miles east from Junction 13 of the M1 motorway accessed via the A421, and 9 miles west of the A1 via the A428 and A603.
PROPERTY FACTS
| Total Building Size | 1,001 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 402 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 |
| Building Class | B | Lot Size | 0.08 AC |
| Total Building Size | 1,001 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 402 SF |
| Year Built | 1900 |
| Lot Size | 0.08 AC |
AMENITIES
- Signage
- Storage Space
1 UNIT AVAILABLE
Unit 161
| Unit Size | 803 SF | Sale Type | Investment |
| Price | $829,108 CAD | Tenure | Freehold |
| Price Per SF | $1,032.51 CAD | Cap Rate | 2.89% |
| Condo Use | Retail | NOI | $23,952.00 CAD |
| Unit Size | 803 SF |
| Price | $829,108 CAD |
| Price Per SF | $1,032.51 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 2.89% |
| NOI | $23,952.00 CAD |
DESCRIPTION
The property is a retail unit in a very popular location. It has a good window display and frontage, with a spacious open plan retailing area. It has a further storage area, as well as secure external storage and shared access to the rear. Above the retail there is also a 2 bedroom first floor flat with separate access from the rear.
SALE NOTES
The premises is currently let by way of a 15 year full repairing and insuring lease, with approximately 12 years remaining, at a passing rent of £13,000 per annum. The flat is let at £850 per calendar month.
NEARBY MAJOR RETAILERS
Presented by
161 Castle Rd
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