Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers Knight Frank
Property Information
Location
Miles
26 miles north-west of Ipswich, 28 miles east of Cambridge
Roads
A11, A14, A134, A143, M11 (Junction 10)
Rail
Bury St Edmunds Railway Station
Air
Stansted Airport
Situation
Bury St Edmunds is an affluent and historic market town situated off the A14, which provides access to Cambridge to the west and Ipswich to the south-east. The property is prominently situated in the heart of the town centre on the west side of Butter Market close to its junction with Cornhill and the market square. The Arc Shopping Centre is located close by, housing retailers including Debenhams, Topshop/Topman, Next, H&M and Carluccio’s. Other nearby occupiers include Marks & Spencer, Holland & Barrett, Argos, Waterstones, Superdrug and Starbucks.
Tenure
Freehold.
Location
Miles
26 miles north-west of Ipswich, 28 miles east of Cambridge
Roads
A11, A14, A134, A143, M11 (Junction 10)
Rail
Bury St Edmunds Railway Station
Air
Stansted Airport
Situation
Bury St Edmunds is an affluent and historic market town situated off the A14, which provides access to Cambridge to the west and Ipswich to the south-east. The property is prominently situated in the heart of the town centre on the west side of Butter Market close to its junction with Cornhill and the market square. The Arc Shopping Centre is located close by, housing retailers including Debenhams, Topshop/Topman, Next, H&M and Carluccio’s. Other nearby occupiers include Marks & Spencer, Holland & Barrett, Argos, Waterstones, Superdrug and Starbucks.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors. The propertybenefits from rear access via Skinner Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Viewings
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors. The propertybenefits from rear access via Skinner Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
Viewings
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First Second
Retail/Ancillary Ancillary Ancillary
41.76 sq m 30.24 sq m 18.62 sq m
(450 sq ft) (326 sq ft) (200 sq ft)
ARTICO HOLDINGS LIMITED (t/a Artico)
10 years from 01/10/2015 until 31/09/2025 on a full repairing and insuring lease (1)
£24,500
01/10/2020
Totals
90.62 sq m
(976 sq ft)
£24,500
(1) Heads of Terms have been agreed for a 10 year lease from 1st October 2015 to Artico Holdings Limited at a commencing rent of £24,500 p.a.x. The lease is to provide for a tenant option to determine on 1st October 2020. The seller will be holding a six month rent deposit in the sum of £12,250. Artico trade from other shops in Bishops Stortford and Newmarket and sell jewellery and gifts.