Nearby retailers include Iceland, Poundland, The Works, Boots Pharmacy, Costa, Subway, Domino's and JD Wetherspoon
Lot 28
Auction 21st September 2023
Rent £41,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north of Bury St Edmunds, 35 miles south-west Norwich, 35 miles north-west of Ipswich
Roads
A11, A134, A1066
Rail
Thetford Train Station
Air
Stansted Airport
Situation
The property is situated on the northern side of King Street, the prime pedestrianised retailing pitch. There is a large car park to the rear of the property for approximately 40 cars. Nearby retailers include Iceland, Poundland, The Works, Boots Pharmacy, Costa, Subway, Domino's and JD Wetherspoon.
Tenure
Freehold.
Location
Miles
13 miles north of Bury St Edmunds, 35 miles south-west Norwich, 35 miles north-west of Ipswich
Roads
A11, A134, A1066
Rail
Thetford Train Station
Air
Stansted Airport
Situation
The property is situated on the northern side of King Street, the prime pedestrianised retailing pitch. There is a large car park to the rear of the property for approximately 40 cars. Nearby retailers include Iceland, Poundland, The Works, Boots Pharmacy, Costa, Subway, Domino's and JD Wetherspoon.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
See Legal Pack
Description
The property comprises a shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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 Mezzanine First
Retail/Ancillary Retail Ancillary
341.48 8.50 273.40
(3,676) (91) (2,943)
SUPERDRUG STORES PLC (2)
5 years from 19/08/2020 on a full repairing and insuring lease
£41,000
Total
623.38
(6,710)
£41,000
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) For the year ending 31st December 2022, Superdrug Stores Plc reported a turnover of £1,366,924,000, a pre-tax profit of £77,763,000 and a net worth of £210,245,000 (www.northrow.com)
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.
