Summary - 97, HIGH STREET MK42 7BS
1 bed 1 bath Retail Property (high street)
Income-producing shop plus vacant unit with parking and re-letting potential.
Grade II listed high‑street property with strong period character
A rare Grade II listed high‑street investment occupying 95–97 High Street, Kempston. The property combines an income-producing florist (No.95) with a vacant ground-and-first retail unit (No.97), offering immediate rental return plus clear re-letting upside. The building’s Tudor stone and timber facade, exposed beams and period character give strong kerb appeal to local shoppers.
Income performance is straightforward: current rental income £12,600 pa from No.95 with ERV for the vacant unit at £15,000 pa, producing a combined ERV of £27,600 pa and a quoted gross initial yield of 8.9%. No VAT applies. No.97 includes a gated yard suitable for parking up to two cars, useful for deliveries or tenant convenience.
Buyers should note material constraints: the building is Grade II listed so alterations require consent and can increase costs and lead times. The property shows signs of period-related issues — low ceilings, small rooms, exposed timber and some damp risk — which will limit uses and likely need maintenance or refurbishment. No.95 is let on a Tenancy at Will, so income stability is weaker than a longer lease.
Location benefits include prominent high‑street frontage amid national and local traders, fast broadband, good road links to the A421 and Bedford rail connections. The surrounding area is economically challenged, which supports affordable retail demand but may limit rental growth compared with higher‑value towns. Overall, this is a characterful, income-led purchase with immediate cashflow and clear scope for active asset management through refurbishment and re-letting of the vacant unit.
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