Retail/Shop for sale Bury St Edmunds IP33 1UN,6748sq ft

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Retail/Shop

Retail/Shop For Sale Bury St Edmunds

PROPERTY ID: 115975

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

6,748 sq.ft

Key Features

Retail/restaurant & residential ground rent investment

Situated in high footfall location in heart of town centre

Fully let and producing £81,050per annum exclusive

Gross yield 7.9%

Current EPC ratings: 22 Abbeygate Street- D (77) Chapter House- C (73)-(75)

The property is a Grade II listed building under reference: 1328862 and is situated within a conservation area.

The ground floor and basement are let on a lease expiring 8th January 2033. The upper floors are all held on long leaseholds expiring 23rd June 2142. Further details available upon request.

Property Details

Bury St Edmunds is an affluent market town located in the heart of West Suffolk, with a large local shopping catchment. The town has good footfall from tourism all year round and retail vacancy rates well below the national average. The property is located in Abbeygate Street, one of the primary shopping streets in Bury St Edmunds with a mix of independent and national retailers and restaurants. Nearby occupiers include Pizza Express, Prezzo, Javelin, White Stuff, Caffe Nero and Greggs. The property is also located within short walking distance of the Abbey Gardens and Cathedral.

The Property Is An Attractive Town Centre Retail/restaurant Premises With Frontage Onto Abbeygate Street And Arranged Over Ground Floor And Basement. The First And Second Floors Comprise Of 6 Flats With Separate Access From Lower Baxter Street And Are Occupied By Long Leaseholders As A Ground Rent Investment. The Property Was Extensively Refurbished In 2018.

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About the Agent

Eddisons; Bury St Edmunds

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Retail Unit

£1,025,000 Freehold

22 Abbeygate Street, Bury St Edmunds, IP33 1UN

Retail/Shop - Available
6,748 sq ft
627 sqm

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