Investment Properties: The Sira Building, 100 High Street, Bedford, MK40 1NN

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The Sira Building, 100 High Street, Bedford, MK40 1NN

OIEO £1,550,000 Subject to Contract

A newly developed (works completed August 2016) mixed use block comprising Leisure and Residential Uses 

Ideally located corner position at the junction of High Street and Dame Alice Street within the Town Centre and walking distance to Bedford transport links. 

Currently Arranged as:

  • Basement & Ground – Bar/Restaurant
  • First and Second - Residential  

The entire building is currently let at a combined total rent of £85,200pa. The vendor is prepared to top up the rent until 31/5/2020 to offer a rent received of £100,200pa. 

The Gross floor areas are as follows:

  • Leisure (Basement)       2,012ft2
  • Leisure (Ground)           1,678ft2
  • Residential (1st)               2,032ft2
  • Residential (2nd)             1,183ft2
  • Total                               7,163ft2  

Guide Price - Offers In Excess of £1,550,000 Subject to Contract. This equates to a capital value of £216/ft2 and a NIY of 6.09% assuming standard purchaser’s costs of 6.12%