Units 1-5 51-53 High Street Haverhill Suffolk CB9 8AH

Units 1-5
51-53 High Street
Haverhill
Suffolk
CB9 8AH

Town Centre Retail and Taxi Office Investment

Fully let Retail/Commercial Parade
Shops trading as The Works, Card Factory & Clarks
Recently extended Council headlease
Includes new lease to Taxi Office on the first floor
Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist
Close to the town's principal car park & bus station
VAT-free investment

Lot
35
Auction
31st March 2022
Rent
£83,000 per Annum Exclusive
(Gross Rent)
Status
Sold
Price
£687,500
Auction Venue
Live Streamed Auction

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Town Centre Retail and Taxi Office Investment

Fully let Retail/Commercial Parade
Shops trading as The Works, Card Factory & Clarks
Recently extended Council headlease
Includes new lease to Taxi Office on the first floor
Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist
Close to the town's principal car park & bus station
VAT-free investment

Lot 35
Auction 31st March 2022
Rent £83,000 per Annum Exclusive (Gross Rent)
Status Sold
Price £687,500
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 47 miles north-east of London, 16 miles south-east of Cambridge, 15 miles north-east of Saffron Walden
Roads: M11, A14, A12
Bus: Haverhill Bus and Coach Station
Air: Stansted Airport

Situation

Haverhill is a popular market town in West Suffolk, approximately 16 miles south-east of Cambridge and 15 miles north-east of Saffron Walden. The property is located within the prime section of Haverhill High Street, adjacent to Jubilee Walk which leads to the town's principal surface car park and the bus station. Nearby occupiers include Costa Coffee, Savers, Iceland, Aldi and Boots the Chemist.

Tenure

Long Leasehold. Held for a term of 120 years from March 2022 from The Council of the Borough of St Edmundsbury at a current ground rent of £8,300 pax, equivalent to 10% of annual income received.

Location

Miles: 47 miles north-east of London, 16 miles south-east of Cambridge, 15 miles north-east of Saffron Walden
Roads: M11, A14, A12
Bus: Haverhill Bus and Coach Station
Air: Stansted Airport

Situation

Tenure

Long Leasehold. Held for a term of 120 years from March 2022 from The Council of the Borough of St Edmundsbury at a current ground rent of £8,300 pax, equivalent to 10% of annual income received.

Description

The property comprises three shops arranged over the ground and part first floors. The property also comprises a self-contained office on the first floor, recently let to a taxi operator.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack.

Description

The property comprises three shops arranged over the ground and part first floors. The property also comprises a self-contained office on the first floor, recently let to a taxi operator.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas (Approx sq m)	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Unit 1	Ground First	Retail/Ancillary Retail/Ancillary	67.17 sq m 56.02 sq m	(723 sq ft) (603 sq ft)	F2S LIMITED with personal guarantees (t/a Clarks)	4 years from 19/03/2020 (1)	£20,000
Unit 2	Ground First	Retail/Ancillary Ancillary	69.03 sq m 61.13 sq m	(743 sq ft) (658 sq ft)	SPORTSWIFT LTD (t/a Card Factory) (2)	5 years from 29/09/20 (3)	£23,500
Unit 3	Ground First	Retail/Ancillary Ancillary	166.94 sq m 56.67 sq m	(1,797 sq ft) (610 sq ft)	THE WORKS STORES LTD (t/a The Works.co.uk) (4)	10 years from 17/08/2018 (5) with a rent review on 17/08/2023	£31,000
51-53 High Street	First	Taxi Office	108.78 sq m	(1,171 sq ft)	TWO INDIVIDUALS (t/a Price Cars Taxi)	10 years from 22/02/2022 (6) with a rent review on 22/02/2027	£8,500
Total			585.74 sq m	(6,305 sq ft)			£83,000

(1) The lease is subject to a tenant option to determine on 19/03/2023
(2) www.cardfactory.co.uk
(3) The lease is subject to a tenant option to determine on 29/09/2023
(4) www.theworks.co.uk
(5) The lease is subject to a tenant option to determine on 16/08/2023
(6) The lease is subject to a tenant option to determine on 21/02/2027. The vendor holds a rent deposit of £2,125

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.