14 Buttermarket Bury St Edmunds Suffolk IP33 1DB

14 Buttermarket
Bury St Edmunds
Suffolk
IP33 1DB

Freehold Retail Investment

To be let to Artico Holdings Limited (t/a Artico) on a new 10 year lease (1)
Affluent and historic market town
Grade II Listed
Excellent location opposite Marks & Spencer and close to the Arc Shopping Centre
Other nearby occupiers include Debenhams, Topshop/Topman, Next, H&M, Boots the Chemist, WH Smith, Waterstones and Carluccio’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
25
Auction
22nd October 2015
Rent
£24,000 per Annum Exclusive
Status
Sold
Price
£310,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers Knight Frank

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Freehold Retail Investment

To be let to Artico Holdings Limited (t/a Artico) on a new 10 year lease (1)
Affluent and historic market town
Grade II Listed
Excellent location opposite Marks & Spencer and close to the Arc Shopping Centre
Other nearby occupiers include Debenhams, Topshop/Topman, Next, H&M, Boots the Chemist, WH Smith, Waterstones and Carluccio’s
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 25
Auction 22nd October 2015
Rent £24,000 per Annum Exclusive
Status Sold
Price £310,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Receivers Knight Frank

Property Information

Location

Miles: 26 miles north-west of Ipswich, 28 miles east of Cambridge
Roads: A11, A14, A134, A143, M11 (Junction 10)
Rail: Bury St Edmunds Railway Station
Air: 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 south-east. The property is prominently situated in the heart of the town centre on the west side of Butter Market close to its junction with Cornhill and the market square. The Arc Shopping Centre is located close by, housing retailers including Debenhams, Topshop/Topman, Next, H&M and Carluccio’s. Other nearby occupiers include Marks & Spencer, Holland & Barrett, Argos, Waterstones, Superdrug and Starbucks.

Tenure

Freehold.

Location

Miles: 26 miles north-west of Ipswich, 28 miles east of Cambridge
Roads: A11, A14, A134, A143, M11 (Junction 10)
Rail: Bury St Edmunds Railway Station
Air: Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors. The propertybenefits from rear access via Skinner Street.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

Viewings

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

Viewings

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second	Retail/Ancillary Ancillary Ancillary	41.76 sq m 30.24 sq m 18.62 sq m	(450 sq ft) (326 sq ft) (200 sq ft)	ARTICO HOLDINGS LIMITED (t/a Artico)	10 years from 01/10/2015 until 31/09/2025 on a full repairing and insuring lease (1)	£24,500	01/10/2020
Totals		90.62 sq m	(976 sq ft)			£24,500

(1) Heads of Terms have been agreed for a 10 year lease from 1st October 2015 to Artico Holdings Limited at a commencing rent of £24,500 p.a.x. The lease is to provide for a tenant option to determine on 1st October 2020. The seller will be holding a six month rent deposit in the sum of £12,250. Artico trade from other shops in Bishops Stortford and Newmarket and sell jewellery and gifts.