85 High Street Newmarket Suffolk CB8 8UG

85 High Street
Newmarket
Suffolk
CB8 8UG

Freehold Retail Investment (with future redevelopment potential)

  • Entirely let to Moons Toy Superstores Limited
  • Includes site/car parking to the front
  • Future Change of Use/Redevelopment potential (subject to lease and consents)
  • Attractive Grade II Listed Building
  • VAT-free investment
  • Town centre location with nearby occupiers including Boots the Chemist, WHSmith, Pizza Express, Greggs and Caffe Nero
  • Lot
    19
  • Auction
    11th February 2021
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment (with future redevelopment potential)

  • Entirely let to Moons Toy Superstores Limited
  • Includes site/car parking to the front
  • Future Change of Use/Redevelopment potential (subject to lease and consents)
  • Attractive Grade II Listed Building
  • VAT-free investment
  • Town centre location with nearby occupiers including Boots the Chemist, WHSmith, Pizza Express, Greggs and Caffe Nero
  • Lot 19
  • Auction 11th February 2021
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
12 miles east of Cambridge
Roads
A11, A14
Rail
Newmarket
Air
London Stansted
Situation

Newmarket is a market town known globally for being the home of British horse racing, with the racecourse located about one mile from the property. The property is situated in a central location on the south side of High Street, close to retailers including Boots the Chemist, WHSmith,
Pizza Express, Greggs and Caffe Nero.

Tenure

Freehold.

Location
Miles
12 miles east of Cambridge
Roads
A11, A14
Rail
Newmarket
Air
London Stansted
Situation

Newmarket is a market town known globally for being the home of British horse racing, with the racecourse located about one mile from the property. The property is situated in a central location on the south side of High Street, close to retailers including Boots the Chemist, WHSmith,
Pizza Express, Greggs and Caffe Nero.

Tenure

Freehold.

Description

The property, which is Grade II Listed, comprises a three storey building arranged as a shop trading on the ground and first floors, ancillary accommodation arranged on the basement and second floors. The property benefits from a yard to the front with parking for approximately six cars.

VAT

VAT is not applicable to this lot.

EPC

See legal pack at www.acuitus.co.uk.

Description

The property, which is Grade II Listed, comprises a three storey building arranged as a shop trading on the ground and first floors, ancillary accommodation arranged on the basement and second floors. The property benefits from a yard to the front with parking for approximately six cars.

VAT

VAT is not applicable to this lot.

EPC

See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First
Second
Basement
Retail/Ancillary
Retail/Ancillary
Ancillary
Ancillary
213.48 sq m
87.13 sq m
68.00 sq m
58.80 sq m
(2,298 sq ft)
(938 sq ft)
(732 sq ft)
(633 sq ft)
MOONS TOY
SUPERSTORES
LIMITED (1) with a
personal guarantee
15 years from
21/01/2008 until
20/01/2023 on a full
repairing and insuring
lease
£37,500
Total
427.41 sq m
(4,601 sq ft)
    £37,500

(1) www.moonstoystore.com. The tenant is currently paying a personal concessionary rent of £15,000 per annum.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.21
    File Size
    884 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.21
    File Size
    804 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Associate AuctioneersFrancis Darrah 01603 666 630francis@fdarrah.co.uk
Seller's Solicitors
Edmondson Hall 25 Exeter Road
Newmarket
Suffolk
CB8 8AR
Anna Hall 01638 560 556ah@edmondsonhall.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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