Town Centre Retail Investment

Key Features

• • Bury St Edmunds is an affluent and attractive market town
• • Good secondary retail location within heart of town centre
• • Both tenants in occupation for over ten years
• • VAT is not chargeable on the purchase price
• • Ideal SIPP investment opportunity
• Gross rental income £51,250 per annum

Description

The property comprises two adjoining retail units each with sales space to ground floor, storage to first and toilet facilities on second floor. The properties form part of a terrace of retail units to the east and a Grade II public house to the west. We understand that the property was substantially reconstructed in 1982 and sits behind a retained original façade of a period building. The building is principally of concrete framed construction with brick elevations under a mainly pitched tiled roof.

Location

Bury St Edmunds is an affluent and attractive market town and the administrative, commercial and cultural centre for West Suffolk. The town is located approximately 26 miles east of Cambridge, 36 miles south-west of Norwich and 23 miles north-west of Ipswich. It has a primary catchment population of 257,000 people and a population of 41,291 (2021 census). The town is a significant retail and leisure destination for the western and wider region of Suffolk.

The property is located within the heart of the town centre close to the prime shopping area of Cornhill and Buttermarket. Brentgovel Street is a major link between the traditional retail areas of the town and the Arc shopping centre and main car parks. Nearby occupiers include Hughes Electrical, A-Plan Insurance, Cook Food and Fred Olsen Travel.