TOWN CENTRE RETAIL PREMISES AVAILABLE
Tenure: TO LET
Size: 796 sq ft (74 sq m)
Rent: £12,000 per annum plus VAT
- Total Net Internal Area of 796 sq ft (74 sq m)
- Ground floor sales and store of 441 sq ft (41 sq m)
- Additional first floor sales/office/treatment rooms
- 100% business rates relief available (subject to occupier)
- Busy town centre location with a mix of local, national and independent retailers.
The property is situated on St Johns Street, within the historic centre of Bury St Edmunds. St Johns Street is a busy secondary retail location with a large number of independent retailers and the subject property is situated less than 400 yards from the prime retailing area of the Buttermarket.
Bury St Edmunds is a sub-regional shopping destination with a population of 40,660 people and a catchment population of approximately 1,400,000 people within an hour’s drive. Over the last five years major new shopping facilities have been implemented in Bury St Edmunds, both within and outside the town centre. The Arc shopping centre opened in 2009 which has had a positive impact on the number of shoppers visiting the town.
The property comprises a Grade II listed retail premises over ground, first and second floors with attractive frontage to St Johns Street. The ground floor comprises a timber shop frontage, main sales area, storeroom and WC facilities. The first floor provides two rooms suitable for further retail space or for storage use. There is a further concealed staircase which leads up to the second-floor loft/storage room.
The property has a prominent frontage to the popular St Johns Street which is home to a mix of national, local and independent occupiers.
The property has been measured in accordance with the RICS Code of Measuring Practice and provides the following Net Internal Areas:
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£12,000 per annum plus VAT.
All figures quoted are subject to VAT at the prevailing rate.
The property is listed in the 2017 Ratings List with a description of ‘shop and premises’ and has a rateable value of £6,300. 100% small business rates relief will be available to qualifying businesses.
The unit is available on terms to be agreed.
It is understood the property is connected to mains electricity, water and gas. These services have not been tested.
ENERGY PERFORMANCE CERTIFICATE
Contact the agents for more details.
Each party to be responsible for their own legal costs on completion of this transaction. The ingoing tenant will be required to provide an undertaking to pay the landlord’s abortive legal costs should they not proceed once solicitors are instructed.