26/30 Market Place Stowmarket Suffolk IP14 1DH

26/30 Market Place
Stowmarket
Suffolk
IP14 1DH

Freehold Retail Investment

Let to Peacocks Stores Limited
Lease expires in July 2022
Large double-fronted shop comprising approximately 12,479 sq ft NIA(15,510 sq ft GIA)
Prominent town centre location with nearby occupiers including Asda Supermarket, Superdrug and Boots the Chemist
Prosperous and historic market town

Lot
49
Auction
19th October 2017
Rent
£130,000 per Annum Exclusive
Status
Sold
Price
£1,750,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Peacocks Stores Limited
Lease expires in July 2022
Large double-fronted shop comprising approximately 12,479 sq ft NIA(15,510 sq ft GIA)
Prominent town centre location with nearby occupiers including Asda Supermarket, Superdrug and Boots the Chemist
Prosperous and historic market town

Lot 49
Auction 19th October 2017
Rent £130,000 per Annum Exclusive
Status Sold
Price £1,750,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles north-west of Ipswich, 15 miles south-east of Bury St Edmunds, 25 miles north of Colchester
Roads: A14, A134, A140, A11 & M11
Rail: Stowmarket Railway Station
Air: Norwich International Airport, London Stansted Airport

Situation

The property is situated in the town's prime trading location, on the southern side of the pedestrianised Market Place, which connects to Ipswich Street. Nearby occupiers include Asda Supermarket, Superdrug, Boots the Chemist, Greggs and branches of Lloyds, NatWest and Nationwide banks.

Tenure

Freehold.

Location

Miles: 12 miles north-west of Ipswich, 15 miles south-east of Bury St Edmunds, 25 miles north of Colchester
Roads: A14, A134, A140, A11 & M11
Rail: Stowmarket Railway Station
Air: Norwich International Airport, London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor. To the rear of the property there is on-site car parking for 18 cars. The town’s main shoppers car park is close by.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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	Review
Ground First	Retail/Ancillary Ancillary	614.46 sq m 544.88 sq m	(6,614 sq ft) (5,865 sq ft)	PEACOCKS STORES LIMITED (1)	13 years from 13/07/2009 until 12/07/2022 on a full repairing and insuring lease	£130,000	14/07/2019
Totals		1,159.34 sq m	(12,479 sq ft)			£130,000

(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 07/09/2017). Peacocks trade from some 450 stores and are a part of the Edinburgh Woollen Mill Group, which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 07/09/2017).