Summary - Warwick Avenue, Bedford MK40 2EQ
1 bed 1 bath Commercial Property
114 modern flats with long leases and rental income, close to Bedford station and development upside..
Freehold interest in 114 apartments across two nearby developments
Long leases in place to 2267 for all apartments
Current income circa £23,000 per annum with rent review provisions
Potential to develop roofspaces for additional accommodation (subject to planning)
Completed 2017–2022 — modern construction, limited immediate major works expected
Located 0.7 miles from Bedford station; St Pancras under 40 minutes
Area classified as deprived with high local crime — higher management/insurance risk
Small plot size; purchaser should review lease schedule and maintenance liabilities
This freehold interest comprises 114 modern apartments across De Montfort Place and Haymarket Rise on Warwick Avenue, completed between 2017 and 2022. The portfolio currently produces circa £23,000 per annum with predetermined rent review provisions and very long leases running to 2267, presenting a straightforward income line for an investor or asset manager.
Positioning close to Bedford town centre and 0.7 miles from Bedford train station, the blocks benefit from strong transport links (London St. Pancras under 40 minutes) and plentiful local amenities. The buildings are contemporary red-brick, low- to mid-rise solids with balconies and recent construction, reducing immediate capital expenditure on fabric or major systems.
There is potential to add value via further development — specifically lodging accommodation in roof spaces — subject to planning and survey. Prospective purchasers should request the full lease schedule and consider the asset-management requirements for a multi-block portfolio of this size.
Buyers must note material location and income characteristics: the wider area is classified as deprived with high local crime levels, which can affect tenancy profiles, management costs and insurance. The current ground rent/income figure is circa £23,000 per annum; full financial breakdowns and service-charge arrangements are available on request.
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