Freehold Retail Investment in Prosperous Market Town
Shop let to an Estate Agent
New 10 year lease from August 2021 (subject to option)
Newly refurbished shop
Prosperous and Historic Market Town
Close to WHSmith, Boots the Chemist and Greggs
Lot 13
Auction 31st March 2022
Rent £20,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
20 miles west of Ipswich, 15 miles north-west of Colchester, 37 miles south-east of Cambridge, 67 miles from London
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation
Sudbury is a prosperous, historic and sought-after market town. By rail it links with London's Liverpool Street station (1 hour 28 minutes) and is 32 miles from London Stansted Airport. The property occupies an excellent trading location on Market Hill, with nearby occupiers including WH Smith, Boots the Chemist, Greggs and Costa Coffee.
The property benefits from a nearby car park on Market Place and one of the the town's main shoppers' car parks is immediately to the rear.
Tenure
Freehold.
Location
Miles
20 miles west of Ipswich, 15 miles north-west of Colchester, 37 miles south-east of Cambridge, 67 miles from London
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation
Sudbury is a prosperous, historic and sought-after market town. By rail it links with London's Liverpool Street station (1 hour 28 minutes) and is 32 miles from London Stansted Airport. The property occupies an excellent trading location on Market Hill, with nearby occupiers including WH Smith, Boots the Chemist, Greggs and Costa Coffee.
The property benefits from a nearby car park on Market Place and one of the the town's main shoppers' car parks is immediately to the rear.
Tenure
Freehold.
Description
The property comprises a Grade II listed shop arranged on the ground, first and second floors. The property has been comprehensively refurbished with a new shop front, redecoration throughout internally and full redecoration at first floor level.
VAT
VAT is applicable to this lot.
Completion Period
6 Week Completion
EPC
Band E.
Description
The property comprises a Grade II listed shop arranged on the ground, first and second floors. The property has been comprehensively refurbished with a new shop front, redecoration throughout internally and full redecoration at first floor level.
10 years from 11/08/2021 (2) on a full repairing and insuring lease
£20,000
11/08/2026
Total:
102.19 sq m
(1,100 sq ft)
(1) (www.oakheartproperty.co.uk). A £12,000 rental deposit is held by the landlord. (2) The lease is subject to a tenant option to determine on 11/08/2026
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.