16 New Market Beccles Suffolk NR34 9HB

16 New Market
Beccles
Suffolk
NR34 9HB

Freehold Retail Investment

Let to Superdrug Stores plc
New 5 year lease (renewal) from May 2021 (subject to option)
Re-based rent
Nearby occupiers include Prezzo, Costa Coffee, JD Wetherspoon, Greggs and a Tesco Superstore
Tenant in occupation for at least 30 years
In the same ownership for over 30 years
VAT-free investment

Lot
24
Auction
3rd November 2022
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£479,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Superdrug Stores plc
New 5 year lease (renewal) from May 2021 (subject to option)
Re-based rent
Nearby occupiers include Prezzo, Costa Coffee, JD Wetherspoon, Greggs and a Tesco Superstore
Tenant in occupation for at least 30 years
In the same ownership for over 30 years
VAT-free investment

Lot 24
Auction 3rd November 2022
Rent £40,000 per Annum Exclusive
Status Sold
Price £479,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 9 miles west of Lowestoft, 19 miles south-east of Norwich and 33 miles north-east of Ipswich
Roads: A143, A146
Rail: Beccles Railway Station
Air: Norwich International Airport

Situation

Beccles is an affluent market town on the Norfolk/Suffolk border and benefits from good road connections from the A143 & A146. The property is situated in the heart of the town centre on a prominent corner location, with nearby occupiers including Prezzo, Costa Coffee, JD Wetherspoon, Greggs and a Tesco Superstore.

Tenure

Freehold.

Location

Miles: 9 miles west of Lowestoft, 19 miles south-east of Norwich and 33 miles north-east of Ipswich
Roads: A143, A146
Rail: Beccles Railway Station
Air: Norwich International Airport

Situation

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation on the first. The store benefits from having a Pharmacy.

VAT

VAT is not applicable to this lot.

EPC

See Legal Pack

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation on the first. The store benefits from having a Pharmacy.

VAT

VAT is not applicable to this lot.

EPC

See Legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.
Ground First	Sales/Ancillary Ancillary	211.54 154.36	(2,278) (1,662)	SUPERDRUG STORES PLC (t/a Superdrug) (2)	5 years from 19/05/2021 on a full repairing and insuring lease (3)	£40,000
Total		365.90	(3,939)			£40,000

(1) Areas provided by VOA (www.gov.uk/business-rates)
(2) Superdrug stores plc currently operate in over 750 stores across the UK (www.superdrug.com)
(3) The lease is subject to a tenant only option to determine on 18/05/2024

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.