Summary - Warwick Avenue, Bedford MK40 2EQ
1 bed 1 bath Block of Apartments
114 modern flats with long leases and c.£23,000 pa income — offers invited..
Freehold interest in 114 apartments across two developments
Long leases on each flat, lease terms run until 2267
Current ground rent income circa £23,000 per annum
Completed between 2017 and 2022 — modern build stock
0.7 miles to Bedford station; under 40 minutes to London St Pancras
Potential for roof-space development (subject to planning)
High local crime and area deprivation may impact management costs
Offers invited; full lease schedule and due diligence recommended
A rare freehold investment offering comprising 114 modern apartments across De Montfort Place and Haymarket Rise, completed between 2017 and 2022. The freehold interest is offered with existing ground rent income of circa £23,000 per annum and long leases in place to 2267, providing predictable cashflow and predetermined rent reviews.
The blocks sit on tree-lined Warwick Avenue, 0.7 miles from Bedford train station with direct services to London St Pancras in under 40 minutes. Local amenities, schools (including Livingstone Primary) and Bedford High Street are all within walking distance, supporting strong tenant demand in the area.
There is identifiable value-add potential: planned returns from future roof-space development across the blocks could increase accommodation and income, subject to consents. The freehold offers straightforward asset management prospects for an investor or asset manager seeking a stable, long-lease portfolio in a commuter town.
Important negatives are clear and factual: the wider area records high crime and notable deprivation, which may affect lettings and management costs. The sale is freehold interest only; further lease schedules and full due diligence information are available on request.
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