9 Cross Street Saffron Walden Essex CB10 1EX

  • 9 Cross Street<br>Saffron Walden<br>Essex<br>CB10 1EX

9 Cross Street
Saffron Walden
Essex
CB10 1EX

Freehold Retail Investment

  • Let to La Boite Ltd until 2031 (subject to option)
  • Affluent and Attractive Historic Market Town
  • Town Centre Location
  • Nearby Occupiers include Waitrose, Boots, Oxfam, Starbucks, Superdrug and an Eclectic Mix of Local Retailers
  • VAT-Free Investment
  • Lot
    1
  • Auction
    9th July 2024
  • Rent
    £26,400 per Annum Exclusive
  • Status
    Sold
  • Price
    £376,000
  • Auction Venue
    Live Streamed Auction
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Freehold Retail Investment

  • Let to La Boite Ltd until 2031 (subject to option)
  • Affluent and Attractive Historic Market Town
  • Town Centre Location
  • Nearby Occupiers include Waitrose, Boots, Oxfam, Starbucks, Superdrug and an Eclectic Mix of Local Retailers
  • VAT-Free Investment
  • Lot 1
  • Auction 9th July 2024
  • Rent £26,400 per Annum Exclusive
  • Status Sold
  • Price £376,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
15 miles south of Cambridge, 12 miles north of Bishop's Stortford and 46 miles north-east of London
Roads
B184, B1052, M11 (Junction 9)
Train
Audley End Railway Station
Air
London Stansted Airport
Situation

Saffron Walden is an affluent, attractive and historic Market Town located some 46 miles north-east of London. The property is situated in the centre of Saffron Walden on the pedestrianised Cross Street, a thoroughfare between King Street and Hill Street, with nearby occupiers including Waitrose, Boots, Oxfam, Starbucks, Superdrug and an eclectic mix of local retailers.

Tenure

Freehold.

Location
Miles
15 miles south of Cambridge, 12 miles north of Bishop's Stortford and 46 miles north-east of London
Roads
B184, B1052, M11 (Junction 9)
Train
Audley End Railway Station
Air
London Stansted Airport
Situation

Saffron Walden is an affluent, attractive and historic Market Town located some 46 miles north-east of London. The property is situated in the centre of Saffron Walden on the pedestrianised Cross Street, a thoroughfare between King Street and Hill Street, with nearby occupiers including Waitrose, Boots, Oxfam, Starbucks, Superdrug and an eclectic mix of local retailers.

Tenure

Freehold.

Description

The property comprises a ground floor café with ancillary accommodation on the first floor.

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

The property comprises a ground floor café with ancillary accommodation on the first floor.

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

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review
(Reversion)
Ground
First
Café
Ancillary
71.60
51.50
(771)
(554)
LA BOITE LTD (CRN: 11563641) guaranteed by DENDALE CONSTRUCTION LIMITED (CRN: 04164481) 10 years from 16/04/2021 (2)
£26,400
(15/04/2031)
Total Approximate Floor Area  
123.10
(1,325)
   
£26,400
 

(1) The floor areas stated above have been taken from the VOA (https://www.tax.service.gov.uk/business-rates-find/valuations/573967022?valuationId=18063949000)
(2) The lease provides for a tenant option to determine the lease on 15/04/2026 on 6 months prior notice

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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate Auctioneers
Alpha Browett Taylor Third Floor, 112 Clerkenwell Road
London
EC1M 5SA
0207 386 8965
Richard Hutt 0203 475 7451 07977 417 575richard.hutt@alphaproperty.co.uk
Seller's Solicitors
Porter Dodson The Quad, Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Ben Hingley 01823625892ben.hingley@porterdodson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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