**Exceptional Investment Opportunity: Mixed-Use Development** This opportunity comprises two properties: 1 Brereton Road and 2 Priory Street, together forming a partially developed site with a total floor area of approximately 7,000 sq ft.

1 Brereton Road features two ground-floor commercial units. The first unit is leased to 'Al Malina' on a three-year agreement, 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. 2 Priory Street 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. Upon completion, the estimated rental income from the entire project is an impressive £123,042 per annum, making this a rare and lucrative investment opportunity in a mixed-use property with significant income potential.

Tenure

Freehold

ACCOMMODATION

AL MALINA STORE

Shop, store room, vacant commercial unit, hall, rear room, rear room w, under stair storage

RESIDENTIAL APARTMENTS 1-3

Entrance hall and landing.

FLAT 1

Kitchen/lounge, bedroom one, bedroom two and bathroom.

FLAT 2

Entrance hall, lounge, kitchen, bedroom one, bedroom two and bathroom.

FLAT 3

Kitchen/lounge/diner, bedroom and ensuite bathroom.

2 PRIORY STEET

Ground floor and first floor.

OUTSIDE

There is off-road parking to the front of Brereton Road and vehicular access to the courtyard from Priory Street.

COURTYARD

The courtyard services all parts of each of the buildings including delivery for the commercial units.

PLANNING REFERENCES

REF: 20/00715/S73 Remodelling and refurbishment of building and part change of use to form 2 office units (B1(a)) and 7 residential units (C3) including variation of condition 2 (approved plans) attached to 19/02127/FUL to allow for increase floor area of first floor flats onto ground floor roof area including amendments to internal layout of flats 1, 3 and 5. Addition of 5 rooflights and amendments to window sizes and external finishes. PLANNING TO CHANGE COMMERICAL UNITS FROM OFFICES TO SHOPS: 23/01275/COU

Local Authority

Bedford Borough Council

Additional Fees

Buyer's Premium - The purchaser will be required to pay an administration charge of £4,800 (£4000 plus VAT)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.