Syndicate Type: Income & Geared
Asset Type: Industrial
Property Address: Units 1 & 2, Priory Business Park, Bedford
Tenant: Emerson Network Power Ltd
Tenant: Elmer Electronic UK Ltd
Lease Expiry (Emerson): 28/08/2022
Lease Expiry/Break (Elmer): 04/09/2017
Passing rent: £396,086.20
Priory Business Park is situated approximately 3 miles southeast of Bedford at the junction of the A421 Bedford Bypass and the A603 Cardington Road. Bedford’s southern bypass provides a direct link to Junction 13 of the M1 Motorway approximately 10 miles southwest of the property and the A1 approximately 9 miles northwest.
Major facilities in the vicinity include the Harpur and Howard Shopping Centres and St John’s Retail Park.
The property comprises two purpose-built production facilities constructed in approximately 2006 which are located to the rear of Abbey Court Office Park with access from the northern end of Fraser Road.
The units comprise two storey offices to the front with brick elevations and incorporated glazed sections and a warehouse to the rear with flat panel cladding under a pitched roof.
Internally, the main workshop areas are of steel portal framed construction. Car parking is located to the front and sides of each building, providing a total of approximately 110 parking spaces.