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
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.