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Lot 18

6 Week completion

SITUATION

Located in a prominent position on St Peters Street, close to its junction with The Broadway (A6). The property is adjacent to Pizza Express and a short distance from Harpur Shopping Centre and the town centre.
Bedford is a busy Administrative and Regional Centre located approximately 18 miles north of Luton and 13 miles north-east of Milton Keynes, midway between the M1 (J10) and the A1 and benefitting from excellent road links with the A6, A421 and A428.

PROPERTY

A substantial detached 3 storey building previously used as a Large Restaurant/Club with internal access to a First Floor and rear external access to a Second Floor. In addition there is drive-in from the side of the property to a Rear Yard.

ACCOMMODATION

Ground Floor
Gross Frontage 51'1”
Build Depth 105'0”
Restaurant Area Approx. 4,960 sq ft
First Floor
Area Approx. 3,299 sq ft
Second Floor
Area Approx. 2,096 sq ft

Total Approx. 10,355 sq ft

Site Area Approx. 8,285 sq ft (0.19 Acres)

VAT is applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note: The property is currently Nil Rated and no Business Rates are payable.

PLANNING

Planning Permission was granted on 7th August 2015 by Bedford Borough Council (Tel: 01234 267 422 ) for “Refurbishment of ground floor restaurant and bar. Change of use, rebuilding and extension of first and second floors to residential to provide 6 one bedroom flats and 8 two bedroom flats.” Planning Ref No. 15/01555/MAF.

JOINT AUCTIONEERS

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

18–20 St Peters Street, Bedford, Bedfordshire MK40 2NN