town centre retail
22A Hatter Street, Bury St Edmunds, IP33 1NE
Retail
| £10,500 | Rent per annum |
Key Information
| Location | Town Centre |
| Rateable Value | £6,500 |
| EPC | TBC |
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
£165,000 exclusive of VAT for the long leasehold interest.
RENT
£10,500 per annum exclusive of VAT.
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.
