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
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.
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.
