60 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

Freehold Office Investment with Car Parking

  • Let to J. M. Finn & Co. Limited (part of theAckermans & van Haaren Group)
  • 10 year lease from December 2015 (no breaks)
  • Nearby occupiers include Café Rouge, Cotswold Outdoors, Bill’s and White Stuff
  • Prominent position in affluent Suffolk market town
  • Lot
    7
  • Auction
    04/Apr/2019
  • Rent
    £80,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,300,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 60 Abbeygate Street<br>Bury St Edmunds<br>Suffolk<br>IP33 1LB
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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 Abbeygate Street, which adjoins Buttermarket and Cornhill, and opposite the town’s former corn exchange. Nearby occupiers include Café Rouge, Côte Brasserie, Cotswold Outdoors, Bill’s and White Stuff, with branches of HSBC and Santander all located nearby.

Tenure

Freehold.

Description

The property comprises a Grade II listed office building providing office accommodation on the ground, lower ground, first and second floors. The property benefits from air conditioning, LED lighting in part and original period features. The property benefits from 14 car parking spaces to the rear accessed via Guildhall Street.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
Lower Ground
First
Second
Offices/Ancillary
Offices
Offices
Offices
143.44 sq m
88.44 sq m
141.68 sq m
139.17 sq m
(1,544 sq ft)
(952 sq ft)
(1,525 sq ft)
(1,498 sq ft)
J. M. FINN & CO.
LIMITED (1)
10 years from
16/12/2015 until
15/12/2025 on a full
repairing and insuring
lease
£80,00016/12/2020
Total
512.73 sq m
(5,519 sq ft)
  £80,000 

(1) J. M. Finn & Co. Limited provides an investment management service and as at 30th December 2017 had over £9.3bn of funds under management and administration on behalf of over 23,000 client accounts. J. M. Finn & Co. Limited is ultimately owned by Ackermans van Haaren which has a market capitalisation of €2.3bn and is listed on the BEL-20. For the year ending 31st December 2017, J. M. Finn & Co. Limited reported pre-tax profits of £10,933,947 and a total net worth of £34,802,609 (Sources: www.jmfinn.com and Experian Group 11/03/2019).

Property Documents

  • Site Plan
    Updated Date
    10.04.19
    File Size
    4 MB
    View PDF
  • Catalogue Page
    Updated Date
    10.04.19
    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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Freedman + Hilmi LLP 101 Wigmore Street
London
W1U 1QU
Nadeem Ahmed 020 7659 0342nahmed@freedmanhilmi.com

Useful Links

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