• Rare opportunity to purchase a prime town centre retail property with vacant possession and parking

Key Features

• • Prime location with frontage to Cornhill and a long return frontage to Central Walk, which links to the Arc shopping centre
• • Bury St Edmunds is an affluent and attractive market town
• • VAT is not chargeable on the purchase price
• • Suitable for investors and owner occupiers
• • Asking price £625,000
• Excellent basement suitable for a variety of uses
• Two town centre parking spaces included
• • Providing net ground floor sales of 1,210 sq ft (112.45 sq m) and basement of 1,218 sq ft (113.2 sq m)

Description

The freehold comprises the ground and basement floors set within a larger building occupied by Nat West. In addition there is the right to park two cars and have use of the rear loading yard. There is a main ground floor sales floor with full height glazed aluminium shop fronts to both Cornhill and Central Walk, with customer access from both frontages. The basement provides good accommodation and has potential for a variety of uses including sales, stores and ancillary uses. The basement benefits from a separate stair and small goods hoist providing direct access to the rear service yard/parking area.

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 town has excellent road and rail communications being located on the A14 providing direct access to the M11 and A12 and with regular trains to London Kings Cross and Liverpool Street. Stansted airport is within a 45 minute drive.

The property is located within the heart of the town centre forming part of the prime shopping area of Cornhill and Buttermarket. It is located at the entrance to Central Walk which is the principal link between the traditional retail areas of the town and the Arc shopping centre and main public car parks. Nearby occupiers include Boots, WH Smith, Bet Fred, Mountain Warehouse, Nat West bank and Primark.

Viewings

By arrangement with the selling agent.