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Restaurant Investment For Sale / To Let, 11 High Street, Biggleswade, SG18 0JE

1,668 Sq Ft / Retail / Retail - High Street

For Sale - £450,000.00

To Let - £27,750.00 per annum

Available - Last updated: 24 June 2024

The building is at ground floor level only. The building has planning consent for a restaurant at the front and an one bed flat at the rear. A parking space is provided with the flat at the rear of the accommodaiton.

( Agency Pilot Software ref: 11491 )

Location

Biggleswade is an expanding market town with a population as at the 2011 Census of 16,556, but has increased considerably since then. It is adjacent to the A1(M), approximately 45 miles north of London. There are excellent motorway connections via the A1(M) to the M25, approximately 25 minutes drive. The A14 at Huntingdon to the north also provides easy access to both the M1 and M6 to the north west are to the East Coast ports. Stevenage, to the south, is 14 miles, Cambridge, to the east, some 24 miles, Bedford, to the west, some 10 miles and the M1, to the west, approximately 17 miles. The town enjoys an electrified railway service to London Kings Cross providing a fast and efficient service taking approximately 40 minutes. In the eastern part of Bedfordshire, Biggleswade is the major commercial and shopping centre for the area

Accommodation

Restaurant 1,463 sq ft (135 sq m)

Terms

Price £450,000 freehold to include the ground floor retail, flat premises and upper floors.

Rental Our client is able to offer a new full repairing and insuring lease for a term to be agreed. Restaurant rental - £27,750 per annum

Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £TBA. The UBR for 2023/24 is 51.2p in the £. Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal.

Energy Performance Certificate (EPC) A copy of the EPC is available upon request.

VAT Unless otherwise stated all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £450,000.00 NA
  To Let £27,750.00 per annum

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Tereza Halewood

Brown & Lee Property Consultants

01438 420034

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