1 - 3 Friars Street Sudbury Suffolk CO10 2AA

  • 1 - 3 Friars Street<br>Sudbury<br>Suffolk<br>CO10 2AA

1 - 3 Friars Street
Sudbury
Suffolk
CO10 2AA

Freehold Retail and Residential Investment

  • Comprises two retail units and two self-contained 2 bedroom flats
  • Prominent corner position
  • Attractive and historic market town
  • Nearby occupiers include Pizza Express, Boots the Chemist, Costa and Specsavers
  • Lot
    62
  • Auction
    19th October 2017
  • Rent
    £27,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £393,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail and Residential Investment

  • Comprises two retail units and two self-contained 2 bedroom flats
  • Prominent corner position
  • Attractive and historic market town
  • Nearby occupiers include Pizza Express, Boots the Chemist, Costa and Specsavers
  • Lot 62
  • Auction 19th October 2017
  • Rent £27,500 per Annum Exclusive
  • Status Sold
  • Price £393,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
20 miles west of Ipswich, 15 miles north-west of Colchester, 37 miles south-east of Cambridge
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation

Sudbury is an attractive and historic market town some 15 miles north-west of Colchester. The property is situated in a prominent corner position on the east side of Friars Street, at its junction with Station Road. Nearby occupiers include Pizza Express, Boots the Chemist, Costa and Specsavers

Tenure

Freehold.

Location
Miles
20 miles west of Ipswich, 15 miles north-west of Colchester, 37 miles south-east of Cambridge
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation

Sudbury is an attractive and historic market town some 15 miles north-west of Colchester. The property is situated in a prominent corner position on the east side of Friars Street, at its junction with Station Road. Nearby occupiers include Pizza Express, Boots the Chemist, Costa and Specsavers

Tenure

Freehold.

Description

The property comprises two ground floor retail units with 2 x two bedroom residential flats on the first and second floors accessed off Station Road.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two ground floor retail units with 2 x two bedroom residential flats on the first and second floors accessed off Station Road.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
1
3		 Ground
Ground
First &
Second		 Retail
Retail
Residential
54.60 sq m
66.40 sq m
2x two bedroom self-contained
flats
(588 sq ft)
(715 sq ft)
 INDIVIDUAL
t/a Thai Pavilion (1)		 15 years from
26/12/2010
on a full
repairing and
insuring
lease		 £27,500 26/12/2020
(25/12/2025)
Total Commercial Area  
121.00 sq m
(1,303 sq ft)
     £27,500  

(1) Unit 3 is trading as Thai Pavilion. The tenant is seeking to sublet unit 1.

Contacts

Associate AuctioneersAlice Currell 020 7747 3176 ACurrell@matthews-goodman.co.uk
Seller's Solicitors
Sharp & Rimmer Hillhead
St. Mawes, Truro
Cornwall,
TR2 5AL
Ed Rimmer 01326 270 291ed@sharp-rimmer.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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