Let to J. M. Finn & Co. Limited (part of theAckermans & van Haaren Group)
10 year lease from December 2015 (no breaks)
Nearby occupiers include Café Rouge, Cotswold Outdoors, Bill’s and White Stuff
Prominent position in affluent Suffolk market town
Lot 7
Auction 4th April 2019
Rent £80,000 per Annum Exclusive
Status Sold
Price £1,300,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
25 miles north-west of Ipswich, 29 miles east of Cambridge
Roads
A14, A134, A143
Rail
Bury St Edmunds Railway Station
Air
London 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 southeast. The property is prominently situated in the heart of the town centre on the southern side of Abbeygate Street, which adjoins Buttermarket and Cornhill, and opposite the town’s former corn exchange. Nearby occupiers include Café Rouge, Côte Brasserie, Cotswold Outdoors, Bill’s and White Stuff, with branches of HSBC and Santander all located nearby.
Tenure
Freehold.
Location
Miles
25 miles north-west of Ipswich, 29 miles east of Cambridge
Roads
A14, A134, A143
Rail
Bury St Edmunds Railway Station
Air
London 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 southeast. The property is prominently situated in the heart of the town centre on the southern side of Abbeygate Street, which adjoins Buttermarket and Cornhill, and opposite the town’s former corn exchange. Nearby occupiers include Café Rouge, Côte Brasserie, Cotswold Outdoors, Bill’s and White Stuff, with branches of HSBC and Santander all located nearby.
Tenure
Freehold.
Description
The property comprises a Grade II listed office building providing office accommodation on the ground, lower ground, first and second floors. The property benefits from air conditioning, LED lighting in part and original period features. The property benefits from 14 car parking spaces to the rear accessed via Guildhall Street.
VAT
VAT is applicable to this lot.
EPC
See legal pack at acuitus.co.uk
Description
The property comprises a Grade II listed office building providing office accommodation on the ground, lower ground, first and second floors. The property benefits from air conditioning, LED lighting in part and original period features. The property benefits from 14 car parking spaces to the rear accessed via Guildhall Street.
10 years from 16/12/2015 until 15/12/2025 on a full repairing and insuring lease
£80,000
16/12/2020
Total
512.73 sq m
(5,519 sq ft)
£80,000
(1) J. M. Finn & Co. Limited provides an investment management service and as at 30th December 2017 had over £9.3bn of funds under management and administration on behalf of over 23,000 client accounts. J. M. Finn & Co. Limited is ultimately owned by Ackermans van Haaren which has a market capitalisation of €2.3bn and is listed on the BEL-20. For the year ending 31st December 2017, J. M. Finn & Co. Limited reported pre-tax profits of £10,933,947 and a total net worth of £34,802,609 (Sources: www.jmfinn.com and Experian Group 11/03/2019).
Contacts
Seller's Solicitors
Freedman + Hilmi LLP 101 Wigmore Street London W1U 1QU
