60 Abbeygate Street Bury St Edmunds Suffolk IP33 1LB

60 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

Freehold Office Investment with Car Parking

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Office Investment with Car Parking

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

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

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Lower Ground First Second	Offices/Ancillary Offices Offices Offices	143.44 sq m 88.44 sq m 141.68 sq m 139.17 sq m	(1,544 sq ft) (952 sq ft) (1,525 sq ft) (1,498 sq ft)	J. M. FINN & CO. LIMITED (1)	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).