Units 1-5 51-53 High Street Haverhill Suffolk CB9 8AH

Units 1-5
51-53 High Street
Haverhill
Suffolk
CB9 8AH

Town Centre Retail and Taxi Office Investment

  • Fully let Retail/Commercial Parade
  • Shops trading as The Works, Card Factory & Clarks
  • Recently extended Council headlease
  • Includes new lease to Taxi Office on the first floor
  • Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist
  • Close to the town's principal car park & bus station
  • VAT-free investment
  • Lot
    35
  • Auction
    31st March 2022
  • Rent
    £83,000 per Annum Exclusive
    (Gross Rent)
  • Status
    Sold
  • Price
    £687,500
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Town Centre Retail and Taxi Office Investment

  • Fully let Retail/Commercial Parade
  • Shops trading as The Works, Card Factory & Clarks
  • Recently extended Council headlease
  • Includes new lease to Taxi Office on the first floor
  • Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist
  • Close to the town's principal car park & bus station
  • VAT-free investment
  • Lot 35
  • Auction 31st March 2022
  • Rent
  • Status Sold
  • Price £687,500
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
47 miles north-east of London, 16 miles south-east of Cambridge, 15 miles north-east of Saffron Walden
Roads
M11, A14, A12
Bus
Haverhill Bus and Coach Station
Air
Stansted Airport
Situation

Haverhill is a popular market town in West Suffolk, approximately 16 miles south-east of Cambridge and 15 miles north-east of Saffron Walden. The property is located within the prime section of Haverhill High Street, adjacent to Jubilee Walk which leads to the town's principal surface car park and the bus station. Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist.

Tenure

Long Leasehold. Held for a term of 120 years from March 2022 from The Council of the Borough of St Edmundsbury at a current ground rent of £8,300 pax, equivalent to 10% of annual income received.

Location
Miles
47 miles north-east of London, 16 miles south-east of Cambridge, 15 miles north-east of Saffron Walden
Roads
M11, A14, A12
Bus
Haverhill Bus and Coach Station
Air
Stansted Airport
Situation

Haverhill is a popular market town in West Suffolk, approximately 16 miles south-east of Cambridge and 15 miles north-east of Saffron Walden. The property is located within the prime section of Haverhill High Street, adjacent to Jubilee Walk which leads to the town's principal surface car park and the bus station. Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist.

Tenure

Long Leasehold. Held for a term of 120 years from March 2022 from The Council of the Borough of St Edmundsbury at a current ground rent of £8,300 pax, equivalent to 10% of annual income received.

Description

The property comprises three shops arranged over the ground and part first floors. The property also comprises a self-contained office on the first floor, recently let to a taxi operator.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack.

Description

The property comprises three shops arranged over the ground and part first floors. The property also comprises a self-contained office on the first floor, recently let to a taxi operator.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Address Floor Use Floor Areas
(Approx sq m)
Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x.
Unit 1 Ground
First
Retail/Ancillary
Retail/Ancillary
67.17 sq m
56.02 sq m
(723 sq ft)
(603 sq ft)
F2S LIMITED
with personal guarantees
(t/a Clarks)
4 years from 19/03/2020 (1)
£20,000
Unit 2 Ground
First
Retail/Ancillary
Ancillary
69.03 sq m
61.13 sq m
(743 sq ft)
(658 sq ft)
SPORTSWIFT LTD
(t/a Card Factory) (2)
5 years from 29/09/20 (3)
£23,500
Unit 3 Ground
First
Retail/Ancillary
Ancillary
166.94 sq m
56.67 sq m
(1,797 sq ft)
(610 sq ft)
THE WORKS STORES LTD
(t/a The Works.co.uk) (4)
10 years from 17/08/2018 (5) with a rent review on 17/08/2023
£31,000
51-53 High Street First Taxi Office
108.78 sq m
(1,171 sq ft)
TWO INDIVIDUALS
(t/a Price Cars Taxi)
10 years from 22/02/2022 (6) with a rent review on 22/02/2027
£8,500
Total    
585.74 sq m
(6,305 sq ft)
   
£83,000

(1) The lease is subject to a tenant option to determine on 19/03/2023
(2) www.cardfactory.co.uk
(3) The lease is subject to a tenant option to determine on 29/09/2023
(4) www.theworks.co.uk
(5) The lease is subject to a tenant option to determine on 16/08/2023
(6) The lease is subject to a tenant option to determine on 21/02/2027. The vendor holds a rent deposit of £2,125

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

  • Brochure
    Updated Date
    10.03.22
    File Size
    3 MB
    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
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate AuctioneersGraham Mackintosh +44 (0)1603 666 630 +44 (0)7947 821 301graham@fdarrah.co.uk
Seller's Solicitors
Knights Plc 400 Dashwood Lang Road
Weybridge
Surrey
KT15 2HJ
Oliver Lewis 01932 590 627oliver.lewis@knightsplc.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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