rent reduction

Unit 3, St Olaves Precinct, Bury St Edmunds, IP32 6SP


£10,000 Rent per annum

Floor Area 766 sq ft
Parking On site parking
Specification Air cooling and heating
Tenure To Let

Key Information

Location Popular retail precinct
Rateable Value £8,100
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About The Property

Key Features

  • Approximate sales area of 766 sq ft
  • 100% small business rates relief available for qualifying businesses
  • Located on thriving neighbourhood parade
  • On-site car parking available
  • Nearby national and local retailers including Spar, Ladbrokes and Day Lewis Pharmacy


The property is located approximately one mile north west of the town centre situated in a suburban neighbourhood parade. Vehicle access is provided via Hunters Road and St Olaves Road. Other occupiers in the parade include Spar, Ladbrokes and Papa John’s. Bury St Edmunds lies in West Suffolk, approximately 29 miles east of Cambridge, 29 miles west of Ipswich, 41 miles south of Norwich, and 77 miles from London. The town is served by three junctions off the A14, which provides access to the east coast ports, The Midlands and the national motorway network. There are rail services to Cambridge, London, Ipswich and Peterborough.


The property comprises a self-contained ground floor lock up premises with the benefit of good frontage onto St Olaves Precinct, generous communal parking and surrounded by other popular retailers. Internally the shop provides a good sized rectangular retail unit with WC and kitchen facilities. The internal specification includes suspended ceilings, recessed lighting, plastered and emulsioned walls with vinyl flooring throughout.
The property has a prominent frontage to the popular St Johns Street which is home to a mix of national, local and independent occupiers.



Ground floor sales: 677 sq ft (62 sq m)
£13,500 per annum plus VAT.


All figures quoted are subject to VAT at the prevailing rate.


The property is listed in the 2017 Ratings List under ‘shop and premises’ and has a rateable value of £8,100. 100% Small Business rates relief is available to businesses occupying premises with a rateable value less than £12,000. For further information please contact Anglia Revenues Partnerships on 01362 656871.


This unit participates in a service charge scheme of approximately £650 pa. The Landlord will insure the premises the premiums to be recovered from the tenant.


The property has an EPC rating of D-82. 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.

Agents Responsible

Ella Forman

Graduate Surveyor – Commercial Property

01284 702626

Jonathan Lloyd MRICS

Director - Commerical Property

01284 702626