20 High Street
Haverhill
Suffolk
CB9 8AR

Freehold Retail Investment

  • Let to Iceland Foods Limited
  • Let on unbroken 15 year lease from September 2013
  • Approximately 12,646 sq ft
  • Prominent High Street location close to WHSmith, Costa, Burton, Boots the Chemist, Poundland and Greggs
  • Town Hall Public Car Park located to the rear of the property
  • VAT-free Investment
  • Lot
    16
  • Auction
    28/Mar/2018
  • Rent
    £115,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,870,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 20 High Street<br>Haverhill<br>Suffolk<br>CB9 8AR
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Property Information

Location
Miles
18 miles south-west of Bury St Edmunds, 20 miles south-east of Cambridge
Roads
A14, A12, M11
Air
London Stansted Airport
Situation

The property is prominently situated on the southwestern side of High Street, south of its junction with Market Hill and north of its junction with Jubilee Walk. Nearby occupiers include WHSmith, Costa, Burton, Boots the Chemist, Poundland and branches of HSBC, Lloyds, NatWest and Barclays banks. The Town Hall Public Car Park is located a short walk away, providing car parking for over 100 cars.

Tenure

Freehold.

Description

The property comprises a large well configured ground floor shop with ancillary accommodation on the first floor. The property benefits from car parking to the rear.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
First
Retail/Ancillary
Ancillary
675.70 sq m
499.20 sq m
(7,273 sq ft)
(5,373 sq ft)
ICELAND
FOODS
LIMITED (1)
15 years from
13/09/2013 until
12/09/2028 on a full
repairing and insuring
lease
£115,00013/09/2018
13/09/2023
Total
1,174.90 sq m
(12,646 sq ft)
  £115,000 

(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 22/02/2018).

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

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