Hatter Street, Bury St. Edmunds, Suffolk, IP33

Investment retail unit in Bury St Edmunds Town Centre. NIA extending to approx. 39.53 sqm (425 sqft). The current business is unaffected.

LOCATION
The property is located in Bury St Edmunds town centre. Nearby occupiers include Abbeygate Cinema & No. 4 Restaurant. Bury St Edmunds benefits from extensive shopping and leisure facilities, numerous high-quality restaurants and cultural amenities including the Georgian Theatre Royal and the Abbey Gardens. There is good access to the A14, A11 (M11) and the railway station at Bury St Edmunds offers a link to mainline services to London Liverpool Street and Kings Cross.

DESCRIPTION
The premises is a mid-terrace, ground floor, self-contained retail unit. There is an open plan retail space with large glass display frontage onto Hatter Street. We understand the tenant has installed a counter, shelving and spot lights in the retail space. To the rear there is a back room and WC.

ACCOMODATION
The premises offers approximate net internal areas:
Retail area 26.02 sqm 280 sqft
Back room 13.51 sqm 145 sqft
Total Net Internal Area 39.53 sqm 425 sqft

BUSINESS LEASE
The premises is subject to a business lease to My Whey Supplements on the main headline terms:
• Rent £10,500 per annum
• Term 26th September 2022 to 25th September 2027
• No break clauses
• Outside Landlord & Tenant Act 1954
Full lease details are available from the Agent.

ENERGY PERFORMANCE CERTIFICATE (EPC)
Energy rating: ‘D’ (94)

BUSINESS RATES
Rateable Value: £8,200 RV 2023
The current tenant is responsible to pay any rates due.

LOCAL AUTHORITY
West Suffolk Council.
West Suffolk House, Western Way, Bury St Edmunds, Suffolk IP33 3YU. Tel:

SERVICES
Mains water, drainage and electricity.

TENURE
125 year lease and a share of Freehold. It is anticipated the initial service charge will be about £200 per year. However, in the future the Freeholders collectively may decide to change the service charge amount.

VAT
No VAT.

METHOD OF SALE
The property is available by Private Treaty. The Vendors reserve the right to invite best offers.

DIRECTIONS
From Abbeygate Street proceed down Hatter Street where Number 22A (My Whey Supplements) can be found on the righthand side.

AGENT’S NOTE
• The property is Grade II listed and within the conservation area.
• The current business is unaffected.

VIEWING AND FURTHER INFORMATION
Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.