The Shorts Building The Highway 6,841 SF 100% Leased Office Building Bedford MK42 0UR $740,870 ($108.30/SF)

Freehold Investment: Property comprising The Shorts Building containing offices, nursery and residential apartments in prominent position in Village Centre.
Guide Price - £550,000.
Aggregated Rental Income £47,286 pa excluding VAT, rising on 1st January 2026 following the RPI Reviews of the Ground Rents (about £7,144 pa in July 2023), and to about £50,392 pa excluding VAT on 1st September 2026.
The Property - This impressive Listed Building which has a colourful and interesting history dating back to the early days of Airship travel, has been extensively refurbished to a high standard and extended at the rear to provide new rear entrance lobby with an internal disabled ramped access, together with a separate entrance and staircase giving access to the residential apartments at first and second floor levels. The ground floor provides 3 No. Office Suites (A, B and C), a large Reception/Meeting/Display Hall and a Sure Start Nursery together with an associated and equipped external (secure) Play Area, with the upper floors providing 20 No. 2 Bed Residential Apartments.
Planning - The Property has the benefit of outline planning permission by reason of the Appeal Decision (LPA Ref: APP/W0205/A/03/111359 dated 14th September 2005) and the Change of Use permission granted for use of the ground floor for Classes A2, B1 and D1 (LPA Ref: 11/02101/COU dated 28th November 2011).
Location - The Property is situated in the new Village Centre developed as part of the New Cardington mixed use development at Shortstown, Bedford located a short distance south of the A421 Bedford Bypass. The development of over 1000 dwellings has now reached its final stage with all dwellings expected to be occupied by early 2023. Further development (circa 730 dwellings) is already underway on the adjoining “Hangar” Site with substantial employment being provided in the Hangars. This Landmark Building in the Village Centre occupies a prominent position fronting the former A600 and backing on to Beauvais Square and the public car park. The Village Centre (Beauvais Square), includes 4 No. Retail Units including a Tesco Express and a Pharmacy, a Doctor’s Surgery and a new School.