RETAIL TO LET Bury St Edmunds
01284 702655
www.b
16A Buttermarket, Bury St Edmunds Suffolk, IP33 1DB Size: 80.34m2 (864ft2)
Rent/Price: £25,000 pax
Prime retail unit Ground floor sales area 18.18m2 (195ft2)
New lease available
Recently refurbished
Prominent location in Buttermarket
First and second floor ancillary
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
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Cambridge
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Huntingdon
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Peterborough
LOCATION
PLANNING
Bury St Edmunds is an affluent market town located in the heart of West Suffolk and benefits from a strong retail centre, with vacancy rates below 5% coupled with a buoyant tourist trade. Markets are held on Wednesdays and Saturdays and draw a large footfall to the town. Bury St Edmunds has a population of 41,000 and a catchment shopping population of 251,000 (Source:Promis). The property is located in the Buttermarket which is one of the prime retail shopping areas in the town with nearby occupiers including The Body Shop, Marks & Spencer and Holland & Barratt
The property is Grade II listed and located within a conservation area. The property is suitable for use for A1 Retail however applicants are advised to make their own enquiries of the local planning authority as to the suitability of the property for their proposed use.
BUSINESS RATES We understand from internet enquiries made from the VOA website that the property has a rateable value of £19,250 (2010 List). For the year commencing 1 April 2016 rates will normally be charged at 49.7p in the pound over £18,000 RV and 48.4p under £18,000 RV. However the amount may be affected by transitional adjustments or small business rates relief and could be higher or lower - interested parties are advised to check with the local Council.
DESCRIPTION The property provides ground floor retails sales space with ancillary storage / offices to the upper parts. The property is of period constructions with glazed frontage and wooden sash windows. There is a WC located to the first floor. The property has recently undergone refurbishment including re-decoration, new suspended ceilings and window repairs.
LEASE TERMS The property is available to let on a new lease with terms by negotiation.
FLOOR AREAS Ground Floor:
18.18 sq m
(195 sq ft)
RENT
First Floor:
28.61 sq m
(308 sq ft)
The rent will be £25,000 per annum exclusive.
Second Floor:
35.55 sq m
(361 sq ft)
Total:
80.34 sq m (864 sq ft)
VAT
All measurements above are approximate.
We understand that VAT will not be charged on the rent.
SERVICES
LEGAL COSTS
Mains electricity and water are available to the premises. Interested parties are however advised to make their own enquiries of the relevant service providers. No warranty can be given in respect of the condition or working order of services, fixtures and fittings.
Each party to bear their own legal costs.
VIEWING Strictly by appointment with the sole agents:Barker Storey Matthews Davies House, 4 Hillside Business Park, Kempson
SERVICE CHARGE
Way, Bury St Edmunds, Suffolk, IP32 7EA
A service charge is levied for the upkeep and maintenance of the communal areas of the estate.
Simon Burton
Contact:
[email protected] Steven Mudd
[email protected] (01284) 702655 4801/161027 Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough