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1 Market Square Sandy

New Instruction
£500,000 Offers Over
  • Type: Retail
  • Availability: For Sale
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Property Features

  • Established residential income
  • Development potential for further enhancement
  • Existing tenancies
  • Town centre

Property Summary

The property comprises what was the Lord Roberts Public House but is now used as a beauty salon together with separate, residential, accommodation at first floor.  Behind the main building is an open yard where there is a two-storey brick building presently used as storage only, but with planning uplift could provide further residential accommodation.

Full Details

Location
The premises are located centrally within the Market Square of Sandy, the main retail area of the town.

The main line railway station is within walking distance, less than 1km from the premises.

This market town has a population of about 10,000 which continues to expand and is served by a good railway connection with a fast service to London. The A1 dual carriageway which bypasses the town on its west side provides for easy access.

Located within Central Bedfordshire the town is within easy reach of Bedford, Cambridge, St.Neots, Hitchin and Stevenage.

Planning
Further enquiries in respect of planning should be directed towards Central Bedfordshire District Council Planning Department. Telephone: 0300 300 8000.

Accommodation
Shop premises
Ground Floor
External frontage 34ft 10.36m
Internal frontage 32ft 9.75m
Shop depth 39ft 11.88m
Main sales 922sq.ft 85.65sq.m
Ancillary space 377sq.ft 35.00sq.m
First floor Apartment
Rear access, self-contained
1st floor landing area
Front sitting room 145sq.ft 13.47sq.m
Kitchen 93sq.ft 8.64sq.m
Bedroom 1 134sq.ft 12.45sq.m
Bedroom 2 125sq.ft 11.61sq.m
Bathroom 47sq.ft 4.37sq.m


Outside
Rear Yard and Building with development potential
Yard area 46ft wide x 32ft deep [9.75m x 14.02m]

Back rear corner a brick two-storey building with a frontage of
32ft and a depth of 15ft total floor space 980sq.ft [91sq.m]


Yard area total 1682sq.ft 156sq.m
Building external area 980sq.ft 91sq.m

Services
All mains services are connected to the site.

None of the services have been tested and no warranty is given regarding their condition.

Tenure
The ground floor shop premises has a recently renewed lease for a term of 9 years from March 2018, with three yearly reviews at a total rent of £24,000 per annum exclusive on an FRI lease.

The first floor apartment has been let until recently on an assured shorthold tenancy at £10,740 per annum (£895 per calendar month). There is a current tenancy being arranged on a similar basis.

The rear yard and buildings stand vacant with the potential of planning enhancement.

Viewing
Strictly by appointment with the agents Cliftons 01767 312131 or 600111

Investment
The premises are offered for sale freehold subject to the existing tenancies inviting interest above £500,000.