10, 10A and 10B Market Street Newmarket Suffolk CB8 8EE

10, 10A and 10B Market Street
Newmarket
Suffolk
CB8 8EE

Freehold Retail and Residential Investment

Comprising two shops and a two bedroom flat
Tenants trading as Pizza GoGo and Remy Nails
Busy town centre location close to Guineas Shopping Centre
Nearby occupiers include Pizza Express, Starbucks, Argos, B&M, Greggs, and Boots
VAT Free Investment

Lot
23
Auction
15th February 2024
Rent
£38,000 per Annum Exclusive
Status
Sold
Price
£387,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Comprising two shops and a two bedroom flat
Tenants trading as Pizza GoGo and Remy Nails
Busy town centre location close to Guineas Shopping Centre
Nearby occupiers include Pizza Express, Starbucks, Argos, B&M, Greggs, and Boots
VAT Free Investment

Lot 23
Auction 15th February 2024
Rent £38,000 per Annum Exclusive
Status Sold
Price £387,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles east of Cambridge, 30 miles north of Chelmsford
Roads: A11, A14, M1, M11
Rail: Newmarket Railway Station
Air: London Stansted Airport

Situation

Newmarket is an affluent and historic Suffolk market town, internationally renowned for its strong connections with the horse racing industry being the home of the Jockey Club.

The property is situated on the pedestrianised Market Street, a busy retailing thoroughfare connecting the High Street to the Guineas Shopping Centre housing tenants such as B&M, Mountain Warehouse, Argos, Clarks, Cardfactory and Costa. Other neighbouring occupies include Pizza Express, Starbucks, Greggs, and Boots.

Tenure

Freehold.

Location

Miles: 13 miles east of Cambridge, 30 miles north of Chelmsford
Roads: A11, A14, M1, M11
Rail: Newmarket Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises two adjoining shops, one arranged over ground and basement with a two bedroom maisonette to the first and second floors and the other providing a single storey ground floor shop.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
10 and 10A Market Street	Ground Basement First Second	Retail Ancillary Residential Residential	54.80 28.10 - -	(589) (302) - -	HKF FOODS LTD t/a Pizza GoGo (1)	15 years from 01/01/2022 (2)	£23,000	5 yearly
10B Market Street	Ground	Retail	25.74	(277)	INDIVIDUAL t/a Remy Nails	10 years from 08/02/2018 (3)	£15,000	08/02/2023
Total Approximate Commercial Floor Area			108.64	(1,168) (4)			£38,000

(1) Pizza GoGo was established in 1987 and trade from over 100 locations across the UK (www.pizzagogo.co.uk).
(2) A rent deposit of £5,750 is held by the Seller.
(3) A rent deposit of £7,500 is held by the Seller.
(4) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.