Freehold Investment, 36 & 36a High Street, Henlow, Bedfordshire, SG16 6BS

The property comprises a former residential building that has been converted and extended to provide a ground floor convenience store, with ancillary storage and a first & second floor residential flat with separate access. There is access to the rear for one car to park and deliveries for the ground floor shop. The ground floor has been fitted out in a typical convenience store fashion with multiple fridges and shelving units, a large till area and a post office counter.

The property has good visibility on the High Street and has ample street parking to the front and side of the building.

Henlow is a village about 11 miles south-east of the county town of Bedford and in-between Hitchin and Biggleswade. RAF Henlow located just outside the village which sees lots of passing traffic due to its arterial location in the county. Henlow has a population of c. 2,500 people and is popular among commuters given its direct 40 minute train to London St Pancras station.

The trade fixtures, fittings and equipment are excluded and are the property of the tenant.

EPC
There are two separate Energy Performance Certificate's for the shop and flat. The shop has an EPC grade C that expires 17/10/2029 The flat has an EPC grade E with a potential of C that expires 25/05/2030

VAT
There is no VAT being added to the tenants rent in the shop. VAT is not applicable to the freehold purchase price.

This is a great opportunity to buy a strong performing freehold investment that's currently producing good returns that would require low levels of management. With indexed rental increases, the yield will also increase in March 2027 to at least 6.78% based on the CPI.

The property is being sold on a freehold basis on a single land registry title.

The ground floor shop is let to a private tenant on an internal repairing and insuring lease with a term of 15 years from 29 March 2022. The current rent is £11,600 per annum, with upward only rent reviews every five years that are CPI linked and subject to a minimum increase of 1% per annum and a maximum increase of 4% per annum. The tenant has security of tenure under the Landlord & Tenant Act 1954.

The flat above is let at a rent of £11,700 pa on the terms of an Assured Shorthold Tenancy to a private tenant, separate to the business. The tenant recently agreed a new 1 year term that will increase the rent to £12,900 pa and extend the tenancy to September 2025.

Both tenants for the shop and flat above have been in place for the last few years and have always met their tenancy obligations and have had no issue paying their rent on time, and have been ideal tenants for the current freeholder.