14 Buttermarket Bury St Edmunds Suffolk IP33 1DB

14 Buttermarket
Bury St Edmunds
Suffolk
IP33 1DB

Freehold Retail Investment

  • To be let to Artico Holdings Limited (t/a Artico) on a new 10 year lease (1)
  • Affluent and historic market town
  • Grade II Listed
  • Excellent location opposite Marks & Spencer and close to the Arc Shopping Centre
  • Other nearby occupiers include Debenhams, Topshop/Topman, Next, H&M, Boots the Chemist, WH Smith, Waterstones and Carluccio’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    25
  • Auction
    22nd October 2015
  • Rent
    £24,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £310,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers Knight Frank
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • To be let to Artico Holdings Limited (t/a Artico) on a new 10 year lease (1)
  • Affluent and historic market town
  • Grade II Listed
  • Excellent location opposite Marks & Spencer and close to the Arc Shopping Centre
  • Other nearby occupiers include Debenhams, Topshop/Topman, Next, H&M, Boots the Chemist, WH Smith, Waterstones and Carluccio’s
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 25
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £310,000
  • Sector
    High Street Retail
  • 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.

Property Documents

  • Site Plan
    Updated Date
    10.01.22
    File Size
    81 KB
    View PDF
  • Catalogue Page
    Updated Date
    10.01.22
    File Size
    512 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP Milton Gate, 60 Chiswell Street
London
EC1Y 4AG
Michelle Bajcar 0207 606 8855michelle.bajcar@addleshawgoddard.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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