Robinson & Hall Property

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Bedford: 01234 351000 (Sales, lettings and viewing enquiries)
01234 352201 (Professional services and general enquiries)
Buckingham: 01280 428010
117, Midland Road, Bedford, Bedfordshire
£1,175,000
Description

117 Midland Road is located on the edge of Bedford Town Centre and is a mixed use investment property that is being offered for sale. The property comprises 9 HMO rooms, 4 separate flats, a retail unit and a workshop which is currently vacant and has planning consent to convert to two 2 bedroom flats and two 1 bedroom flats. The property also benefits from a courtyard parking area. The property details and sizes are set out below.

117a Midland Road -Retail Unit -56.7 sq mt/ 611 sq ft
Rear Workshop -Workshop (Planning consent for 4 flats)-104.4 sq m / 1,124 sq ft.
Flat A, Fairfax House -3 HMO Rooms-72 sq mt/ 755 sq ft
Flat B, Fairfax House -2 HMO Rooms -40 sq mt/ 431 sq ft
Rooms A,B,C and D Fairfax House -4 HMO Rooms -138 sq mt/ 1,485 sq ft
Flat 1, 2a Alexandra Road-2 Bedroom self contained Flat -36 sq mt/ 388 sq ft
Flat 2, 2a Alexandra Road-2 Bedroom self contained Flat-43 sq mt/ 463 sq ft
Flat 3, 2a Alexandra Road-First Floor Studio Flat -43 sq mt/ 463 sq ft
Flat 4, 2a Alexandra Road-First Floor 1 Bedroom Flat-32 sq mt/ 344 sq ft

All the properties apart from the workshop are currently tenanted and if required we can provide a link to our dataroom which has the full details of the tenancies. The below summarises the rent received as of May 2021 for the units:

117a Midland Road-Business Tenancy (Currently holding over) -£11,040 per annum
Rear Workshop -N/A -N/A
HMO Room 1 -Assured Shorthold Tenancy (AST) -£5,460
HMO Room 2 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 3 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 4 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 5 -Assured Shorthold Tenancy (AST) £5,460
HMO Room 6 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 7 -Assured Shorthold Tenancy (AST)-£5,460
HMO Room 8- Assured Shorthold Tenancy (AST)- £3,900
HMO Room 9 -Assured Shorthold Tenancy (AST)-£5,460
Flat 1, 2a Alexandra Road -Assured Shorthold Tenancy (AST)-£6,960
Flat 2, 2a Alexandra Road-Assured Shorthold Tenancy (AST)-£7,200
Flat 3, 2a Alexandra Road-Assured Shorthold Tenancy (AST) -£6,000
Flat 4, 2a Alexandra Road-Assured Shorthold Tenancy (AST)-£6,000

The whole property has a site area of 683 sq m / 7,350 sq ft.

  • Residential and Retail Investment
  • For sale
  • Planning permission for a further 4 flats
  • Central Location
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Are you interested in this property?

Call or email Tessa Smith on 01234 351000tms@robinsonandhall.co.uk
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