Summary - Flat 16 Albion House, 14-18, Lime Street, BEDFORD MK40 1LD
1 bed 1 bath Retail Property (high street)
High‑footfall block with mixed retail and residential income potential.
Freehold high‑street block with retail units and upper‑floor apartments
Total area approximately 5,425 sq ft — very large urban footprint
Multiple income streams: commercial rents plus ~£5,250 pa ground rents
Secure gated access to rear car park for tenants and customers
Several leases contained break options (2019, 2022); tenancy status to verify
Very slow broadband speeds could limit tech‑dependent occupiers
Central Bedford location in student/professional neighbourhoods
Very low local crime; mobile signal excellent
This freehold investment comprises four contiguous retail units with upper‑floor residential accommodation on Lime Street, a busy central location in Bedford. The block extends to approximately 5,425 sq ft overall and benefits from a modern ground‑floor façade with large display windows, gated access to a rear car park and very low local crime levels — features that support retail and leisure occupiers.
The portfolio generates multiple income streams: commercial rents from established occupiers (police, Games Workshop, Vaperz, fishmonger) and additional ground‑rent from the apartments (about £5,250 pa). Several leases include historical break options (2019 and 2022) and one tenant’s lease began in 2022; those break positions may have affected tenant continuity and should be checked when underwriting income certainty.
Practical considerations for investors: broadband speeds are very slow, which may reduce appeal to tech‑reliant retailers or office occupiers; however mobile signal is excellent. The property is sold as a freehold at a guide price of £850,000 and offers a substantial footprint suitable for continued multi‑let retail use or active asset management and re‑letting opportunities.
Prospective buyers should verify current lease standing and rent roll, and factor in any short‑term re‑letting risk where break options existed. The secure car park and central, pedestrian‑friendly location provide tangible lettability advantages in Bedford’s mixed student and professional catchment.
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