2 Prospect Row, Bury St. Edmunds
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Investment let at £42,245 p.a. (10.83% GIY on guide)
- Let to Enterprise Rent-A-Car UK Limited on 20 year lease from 2012
- Current tenant has D&B rating of 5A1 (£1.39 billion in turnover in 2023)
- Rent reviews every 5th Year
- Future potential for a Mixed use/Residential scheme (subject to consents)
- Feasibility sketch for development in key documents
- 6 week completion available
Description
Investment let at £42,245 p.a.
A freehold corner plot of land with a single storey office, car wash area and associated car parking space for the occupying tenant.
The site offers future development potential (subject to the requite consents)
Potential proposed massing (please refer to feasibility sketch)
Unit 1 - 2 storey, 2 bedroom house (80 sqm)
Unit 2 - 2.5 storey, 3 bedroom house (136 sqm)
Office - 3 storey (total 424 sqm)
The property is located adjacent to Arc shopping centre that has multiple national occupiers including Primark, H&M, JD sports, Nandos, Wagamama etc
2 Prospect Row, Bury St. Edmunds
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bury St. Edmunds Station0.6 miles
- Thurston Station4.2 miles
About Savills, Savills, Auctions
33 Margaret Street, London, W1G 0JD
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills, Savills, Auctions on 020 3834 8097.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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