9 Buttermarket
Bury St Edmunds
Sufflok
IP33 1DB

Freehold Bank Investment

  • Let to Lloyds Bank Plc until 2026 (no breaks)
  • Reversionary lease signed in 2017 and rent rebased
  • Affluent and historic market town
  • Nearby occupiers include Holland & Barrett, Cote Brasserie, Waterstones and Edinburgh Woollen Mill
  • Lot
    16
  • Auction
    04/Apr/2019
  • Rent
    £135,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,900,000 - £1,950,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 9 Buttermarket<br>Bury St Edmunds<br>Sufflok<br>IP33 1DB
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* More information on the term "price" can be found here

Property Information

Location
Miles
25 miles north-west of Ipswich, 29 miles east of Cambridge
Roads
A14, A134, A143
Rail
Bury St Edmunds Railway Station
Air
London 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 southeast. The property is prominently situated in the heart of the town centre on the southern side of Buttermarket, where busy markets are held twice weekly. Nearby occupiers include Holland & Barrett, Côte Brasserie, Waterstones and Edinburgh Woollen Mill.

Tenure

Freehold.

Description

The property, an attractive Grade II listed, four storey building, comprises a ground floor banking hall with first and second floor office accommodation and basement ancillary

VAT

VAT is not applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
First
Second
Banking Hall
Ancillary
Office
Office
233.80 sq m
92.70 sq m
156.70 sq m
101.10 sq m
(2,516 sq ft)
(997 sq ft)
(1,686 sq ft)
(1,088 sq ft)
LLOYDS BANK
PLC (1)
15 years from
24/06/2011 (2)
on a full
repairing and
insuring lease
£135,00023/06/2026
Total
584.30 sq m
(6,287 sq ft)
  £135,000 

(1) For the year ending 31st December 2017, Lloyds Bank Plc reported pre-tax profits of £5,035,000,000 and a total net worth of £47,675,000,000 (Source: Experian 06/06/2018).
(2) The current lease is for a term of 10 years expiring 23/06/2021, although, in addition, a reversionary lease is in place from 23/06/2021 until 20/03/2027. As part of the reversionary lease, the rent was re-based from £149,500 to £135,000 with no further rent reviews for the remainder of the term.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    13.03.19
    File Size
    69 MB
    Login to View
  • Site Plan
    Updated Date
    12.03.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    12.03.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Hewitsons LLP Shakespeare House, 42 Newmarket Road,
Cambridge
CB5 8EP
Susanne Hinde 01223 532728susannehinde@hewitsons.com

Useful Links

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