Recently renewed 5 year lease from November 2024 (subject to option) at a rebased rent
Ground floor shop with first floor ancillary accommodation
Tenant in occupation for over 15 years
Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs
VAT-free investment
Lot 25
Auction 27th March 2025
Rent £20,500 per Annum Exclusive
Status Available
Guide* £200,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of SIPP Trustees
Property Information
Location
Miles
13 miles north-west of Ipswich, 15 miles east of Bury St Edmunds
Roads
A14, A134, A140, M11, A1(M)
Rail
Stowmarket Railway Station
Air
Norwich Airport, London Stanstead Airport
Situation
The property is situated on the north side of Ipswich Street, adjacent to QD Stores and close to its junction with Market Place in the heart of Stowmarket Town Centre. Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs.
Tenure
Freehold.
Location
Miles
13 miles north-west of Ipswich, 15 miles east of Bury St Edmunds
Roads
A14, A134, A140, M11, A1(M)
Rail
Stowmarket Railway Station
Air
Norwich Airport, London Stanstead Airport
Situation
The property is situated on the north side of Ipswich Street, adjacent to QD Stores and close to its junction with Market Place in the heart of Stowmarket Town Centre. Nearby occupiers include Boots, Superdrug, Holland & Barrett, Argos, Cardfactory and Greggs.
Tenure
Freehold.
Description
The property comprises a ground floor shop with consulting rooms and ancillary accommodation on the first floor.
VAT
VAT is not applicable to this lot.
EPC
C73
Description
The property comprises a ground floor shop with consulting rooms and ancillary accommodation on the first floor.
(1) For the year ending 29/02/2024 Specsavers Optical Superstores Limited reported a turnover of £2,741,687,000, a pre-tax profit of £323,660,000 and a net worth of £239,593,000 (NorthRow). (2) The lease provides for a tenant option to determine on 25/11/2027. (3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
