30-30B Bedford Pl

The mixed use investment is available for sale with offers in the region of £695,000 upon application. This figure reflects a NIY of 6.83%.
The two ground floor commercial units are currently producing a combined income of £22,700, while the upper residential units are producing a combined income of £27,300.
The building provides two lock-up shop units, both in good order throughout.
30 - Occupied by Charles Plant Ltd., plus guarantor, on a new FRI lease, granted for a term of 10 years from 4th July 2024 subject to a tenant’s lease break option at the end of the fifth year (six months prior written notice required).
30B - Occupied by Antonio Gashi on a new FRI lease, granted for a term of 5 years from 5th July 2024 subject to a tenant’s lease break option on 4th July 2027 (six months prior written notice required).
The first floor, approached via Bedford Place (or to the rear from Upper Bannister Street), is arranged as two extensively refurbished flats, both offering accommodation of a very high standard. Finally, there is a basement storage area, totalling some 95 square feet, ideal for tenant’s bin or bike storage.
It should be noted that the entire building has been the subject of considerable expenditure which has included the roof, windows, front and rear elevations and all internal common areas making for a bright and modern environment.
Consequently, little expenditure is expected both internally or externally in the short to medium term.