22-24 Churchgate Street, Bury St. Edmunds, IP33 1RG

  • Investment / Other / Retail
  • 1,894 sq ft
  • For Sale
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - IMG_3923 Medium.JPG
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - IMG_3895 Medium.JPG
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - IMG_3901 Medium.JPG
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - Lounge Medium.jpg
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - Master bedroom Medium.jpg
22-24 Churchgate Street, Bury St. Edmunds, Investment / Other / Retail For Sale - Ensuite Medium.jpg
Property Type Investment / Other / Retail
Tenure For Sale
Size 1,894 sq ft
Price Offers in the region of £425,000
Business Rates Upon Enquiry
Rateable Value £11,250
Service Charge n/a
Estate Charge n/a
VAT Not applicable
Energy Performance Rating This property has been graded as B (48)

For Sale - Part Let Town Centre Commercial/Residential Investment

Key Features

  • Town Centre location
  • Suitable redevelopment opportunity (stp)
  • Part let/part vacant
  • Recently producing £27,600 per annum fully let
  • VAT is not chargeable on the price

Description

22 – 24 Churchgate Street is an attractive Grade II listed property comprising vacant ground floor retail space and a tenanted first and second floor flat. Internally the property has a wealth of period features including exposed brick and timber beams. The retail unit has attractive window frontage to Churchgate Street. There is a rear courtyard accessed from the retail unit as well as ground floor WC’s and basement storage.

The ground floor retail unit has two access doors and has historically been let as two separate units, but most recently as one unit. The first and second floors comprise a tenanted flat. The flat comprises two/three bedrooms, living room, two bathrooms and a kitchen. There is no parking with the property.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground - Ground Floor inc Basement 807 74.97 Available
1st 700 65.03 Available
2nd 387 35.95 Available
Total 1,894 175.95

Location

The property is located in Churchgate Street, part of the medieval grid area of the town centre. The property forms part of a largely residential street of the town with some commercial shops, offices and restaurants, and is a short walk from the towns primary shopping areas and the Abbey Gardens. 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.

Tenure

The property is available freehold subject to the occupational tenancy of the flat.

Planning

The most recent uses of the property has been retail on the ground floor and residential on the upper floors. Buyers are to make their own planning enquiries.

VAT

VAT is not payable on the purchase price.

Viewing and further information

Please contact Hazells Chartered Surveyors to arrange a viewing.