Commercial Property for saleBeeches Road, West Row, Bury St. Edmunds
- Two commercial freehold shops
- Investors only with existing businesses to remain
- Yield return of just under 7%
Full descriptionWe are offering these two COMMERCIAL FREEHOLD shops for sale to INVESTORS ONLY with both the existing tenants and businesses remaining in place. The VILLAGE STORE lease at a rent of £400pcm. The adjacent HAIRDRESSERS lease of £300 per 4 weeks
Hairdressers * Main shop area * Rear room * Kitchenette * Two upstairs rooms * Village Stores * Main shop area * Store room * Cellar * Hairdressers/Village Stores * Shared lobby * Shared wc
From Mildenhall Market Place proceed along the High Street to the mini roundabout and turn left into Queensway. Proceed along Queensway leaving the town towards West Row. On entering West Row at the "T" junction turn left and the properties are a short distance on the left hand side.
We are offering these two commercial freehold shops for sale together (as one transaction) to investors only with both the existing tenants and businesses remaining in place.
The two shops are connected to an adjacent residential dwelling which is also available separately or as a purchase of all three units together.
These historic buildings have formed a significant part of West Row village life for a number of years and have undergone a number of alterations and additions over the years. Both shops are in fundamentally sound condition and present very well cosmetically but buyers will be required to make their own enquiries.
These two freehold shops benefit from long term tenants and occupy a prime position in the village centre. There is a considerable amount of passing trade both for the village of West Row, the Primary School located close by and traffic accessing the Mildenhall Stadium.
The indicators are therefore that both these retail outlets together with the two adjacent food outlets are thriving businesses. There are two additional retail units located close by serving Kebabs/Pizza's and Fish & Chips.
The Village Store current lease at a rent of £400pcm (Annual rent of £4,800). New lease agreement tbc.
The adjacent Hairdressers Coppernob current lease at a rent of £300 per 4 weeks (Annual rent of £3,900). New lease agreement tbc.
These two retail units therefore generate an annual income of £8,700 giving a yield of just under 7%. Please contact the office for further details on the agreements with the two current tenants.
West Row is a thriving village and as deemed by Forest Heath District Council a 'primary village' is therefore scheduled for moderate expansion and the first of a number of developments in the village is close to starting.
HAIRDRESSERS - COPPERNOB
MAIN SHOP AREA: 14'10" x 9'8" (4.52m x 2.95m) plus 10'10" x 7'4" (3.3m x 2.24m)
With open doorway to:-
REAR ROOM: 10'3" x 7'7" (3.12m x 2.31m)
With door to:-
KITCHENETTE: 10' (3.05m) max x 4'7" (1.4m) increasing to 7'11" (2.41m) max
Concealed staircase from main shop area with tight turning staircase to:-
With part sloping ceilings.
With storage area and door through to:-
UPSTAIRS ROOM: 10'2" x 7'3" (3.1m x 2.21m) increasing to 12'3" (3.73m) max
With door leading through to:-
FURTHER ROOM: 11'8" (3.56m) max x 7'4" (2.24m) max
MAIN SHOP AREA: 16'3" x 6'5" (4.95m x 1.96m) plus 16'11" (5.16m) max x 9'10" (3m)
STORE ROOM: 12'9" x 9'5" (3.89m x 2.87m)
CELLAR: 11'9" x 7'6" (3.58mx 2.29m)
SHARED LOBBY: 10' x 8'3" (3.05mx 2.51m)
With sink. Door to cellar for village store only.
WC: 6'2" x 2'1" (1.88mx 0.64m) increasing to 2'7" (0.79m)
Shared use of wc with hairdressers.
VILLAGE & LOCAL AREA
West Row is a sought after village located about two miles west of Mildenhall with a range of amenities including a local primary school, The Judes Ferry public house situated along side the River Lark, a mail office/general store, an award winning Fish & Chip shop as well as indoor and outdoor bowls, a tennis court, football grounds, enclosed play area and a village hall which provides various activities and entertainment. Mildenhall Speedway is also located in the village which incorporates dog racing and banger racing.
Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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