for sale long leasehold

22A Hatter Street, Bury St Edmunds, IP33 1NE

Retail

£175,000

Floor Area 414 sq ft
Parking
Parking Close to main car parks
Location
Location Town Centre
Tenure For Sale

Key Information

Location Town Centre
Rateable Value £6,500
EPC TBC
Download Brochure

About The Property

Key Features

• Total net internal area of 414 sq ft (38.47 sq m)

• Suitable for a wide variety of uses under Class E (subject to Landlord approval)

• 100% small business rates relief for qualifying businesses

• Busy town centre location only a short walk from prime areas

• Popular location with local, independent and specialist retailers

LOCATION

The property is situated in the heart of the town centre close to the prime retailing areas of Abbeygate Street and Buttermarket. The property has frontage to Hatter Street which provides a rich mixture of retail, restaurant, café and residential uses and is a popular location for the secondary retail market.

DESCRIPTION

The property comprises a grade II Listed ground floor shop with an excellent glazed double frontage to Hatter Street. Internally the property provides a well-proportioned front sales room with excellent floor to ceiling height and some period features. A smaller rear sales area (or ancillary storage) is also provided together with a single WC.

ACCOMMODATION

The property has been measured in accordance with the RICS Code of Measuring Practice and provides the following Net Internal Areas:

414 sq ft (38.47 sq m)

PRICE

Offers in excess of £175,000 exclusive of VAT are invited for the long leasehold interest.

VAT

The Landlord reserves the right to charge VAT in accordance with current legislation.

BUSINESS RATES

The property was included in the current Ratings List as ‘shop and premises’ and has a ratable value of £6,500. 100% small business rates relief will be available to qualifying occupiers.

LEASE

The property is available on a new lease on terms to be agreed.

Alternatively the property is available for sale long leasehold. The lease will be granted for a term of 125 years at a peppercorn rent.

SERVICES

The property is connected to mains electricity and water. No services have been tested

ENERGY PERFORMANCE CERTIFICATE

Contact the agents for more details.

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in this transaction. The ingoing tenant or purchaser will be required to provide an undertaking to pay the landlords/vendors abortive legal costs should they not proceed once solicitors are instructed.

Agents Responsible

Ella Forman

Graduate Surveyor – Commercial Property

01284 702626

Richard Pyatt MRICS

Director – Commerical Property

01284 702626

Top