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
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.
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.
