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Bedford Audi 3 Progress Park

26,209 SF Retail Building Bedford MK42 9XE £4,400,000 (£168/SF) 6% Net Initial Yield

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Executive Summary

Prestigious car dealership investment opportunity. The property is let to Vindis Group Limited until 28 June 2042. Total current income: £280,000 per annum (£10.68 per sq ft). Net Initial Yield: 6% rising to an estimate 6.9% in 2027.

Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Auto Dealership

Building Size

26,209 SF

Building Class

Year Built/Renovated

2000/2016

Price

£4,400,000

Price Per SF

£168

Net Initial Yield

NOI

£264,000

Tenancy

Single

Number of Floors

Building FAR

0.37

Land Acres

1.61 AC

Parking

128 Spaces (7.05 Spaces per 1,000 SF Leased)

Frontage

130 ft on Progress Park

Amenities

24 Hour Access

Air Conditioning

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3 Progress Park, Bedford, BDF - aerial map view

Listing ID: 33457484
Date on Market: 09/10/2024
Last Updated:
Address: 3 Progress Park, Bedford MK42 9XE

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3 Progress Park, Bedford for sale Building Photo- Image 1 of 7 — Building Photo

3 Progress Park, Bedford for sale Building Photo- Image 2 of 7 — Building Photo

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3 Progress Park, Bedford for sale Interior Photo- Image 6 of 7 — Interior Photo

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