Mixed Use Development Investment Bedford MK40

Property Types

Auction date: Wed, 26/02/2025 - 13:00

Guide Price £500,000. This opportunity comprises two properties, together forming a partially developed site with a total floor area of approximately 7,000 sq ft. Property 1 comprises two ground-floor commercial units. The first unit is generating an annual rental income of £24,000, while the second unit is currently vacant with a potential rental income of £17,000 per annum. On the upper floors, there is access to three partially refurbished one and two-bedroom apartments, which have a projected combined rental income of £34,740 per annum. Property 2 is a two-storey vacant building measuring approximately 3,317 sq ft and requires full renovation. Planning permission has been secured for the development of four apartments.

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