High Street Retail Property for sale

Hillside, Vinegar Hill, Hatch, Sandy, Bedfordshire SG19


Guide price
£625,000
S.O.A.

Features

  • Freehold

Description

For sale by auction on Thursday, 25 Feb 2021 at 14:30

Venue: Live Streamed Auction

A substantial mixed-use property that includes a detached bungalow, grassland and a range of commercial units and storage, all in the region of 6.5 acres.

Located between Bedford and Biggleswade in a semi-rural setting with excellent road access via four different entrances, this mixed-use property benefits from a sizeable detached bungalow and a range of part-let commercial units and storage. Current rental income totals £23,400 plus income from solar panels, with potential to increase the income on re-letting the vacant parts.

Detached Bungalow
This well-presented bungalow offers generous accommodation with large rooms that include a sitting/dining room, a kitchen breakfast room, a conservatory, utility room and two double bedrooms, both benefiting from en-suite shower rooms which are wet rooms.
The bungalow is set back with a small front garden and at the rear is an enclosed low maintenance garden with a greenhouse and parking behind.

Secure Storage Bays:
To one side of the principal entrance are five fenced and gated storage areas, each offering secure outside storage similar in size to four double garages. Previously let, but currently vacant.

Building 1:
Beyond the five storage bays on the south side of the plot is a free-standing timber clad building arranged inside with offices and a kitchen. Behind is a shipping container and a small portacabin style building. Previously let, but currently vacant.

Building 2:
This is the main building and stands to the right-hand side of the yard. It is a large single storey commercial building that is divided into offices, a shop and an indoor archery school. This is let to an archery business under two leases from 01.09.19 to 31.08.34 at a total rent of £1,850/calendar month.

Workshop:
Attached to the far end of the main building (Building 2) is a secure workshop with a concrete floor, a three-phase electricity supply and some clear roof panels that allow in natural light. Previously let, but currently vacant.

Caravan Storage Area:
Beyond the primary carparking area is a further large area of hardstanding separated by secure fencing and a barrier/gates. The sellers previously operated a caravan storage business from this land.

Lock Up Stores:
To the right-hand side of the second entrance are storage buildings. Previously let, but currently vacant.

Tollhouse:
The property also includes a narrow strip of roadside verge, formerly the location of a tollhouse. This site is now vacant.

Grassland & Solar Panels:
Lying to the rear and side is open grassland. Part of this land is let to the archery business for external practice and competition under a lease from 01.09.19 to 31.08.34 at a rent of £100/calendar month.

The property includes roof-mounted solar panels producing an income of approaching £4,000 per annum.

EPC Rating: D

Additional Fees
Buyers Premium: There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Categories

High Street Retail Property
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Property reference
CP_88B59A2AD8_27