St. Johns Street, Bury St. Edmunds, IP33 1SJ
£64.38 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,563 sq ft
238 sq m
- SECTOR
4 bedroom mixed use property for sale
Description
A mixed use let investment producing £14,400 per annum comprising restaurant and 4 bedroom flat.
VAT-free Investment.
For Sale by Timed Online Auction - 12th November 2024
Method of Sale
The property is offered for sale by Unconditional Timed Online Auction on 12th November 2024 and on the assumption the property reaches the reserve price, exchange of contracts will take place upon the fall of the electronic gavel with completion occurring 20 working days thereafter. For details of how to bid please read our Online Auction Buying Guide.
The vendor’s solicitor has prepared an Auction Legal Pack. This is available to view online and interested parties should Register online to receive updates. If you are viewing a hard set of these particulars or via Rightmove or alike please visit the Online Property Auctions section of Clarke and Simpson’s website to Watch, Register and Bid.
Seller’s Solicitors
The seller’s solicitors are Prettys Solicitors LLP; 6th Floor, St Vincent House, 1 Cutler Street, Ipswich IP1 1UQ Tel: ; For the attention of Joesph Jordan, email: . We recommend that interested parties instruct their solicitor to make any additional enquiries prior to the auction.
Location
Bury St Edmunds offers an excellent range of amenities with schooling in the private and public sectors, extensive shopping facilities and a good range of leisure facilities including health clubs, swimming pools and golf clubs. There are numerous restaurants and cultural amenities including the beautiful 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’s Liverpool Street and King’s Cross. Alternatively, there is a regular train service from Stowmarket to London Liverpool Street taking approximately 80 minutes. Stansted International Airport is approximately 50 minutes by car.
Directions
From Cornhill in the town centre, head north on St Johns Street where the property will be found on the right hand side after approx. 1/4 of a mile.
What3Words location: ///slower.drops.attending
Description
61-63 St Johns Street comprises a three storey end terraced mixed use property arranged as a ground floor restaurant with a four bedroom flat above. In total the property extends to 2563sqft (238sqm).
The ground floor accommodation comprises a smart restaurant area with bar, prep and cooking kitchens, stores and wc facilities. The first floor offers three bedrooms, a study/sitting room and shower room with stairs leading up to the second floor where there is three further rooms. The property also has two cellars. To the rear of the property is a small courtyard with a range of dilapidated brick outbuildings.
Tenure & Possession
The property is offered freehold subject to and with the benefit of the tenancy referenced below:-
A single lease dated 15th November 2017 for the whole property with the lease being assigned to the current Tenant in 2019. The rent is £14,400 per annum (no VAT) payable in equal monthly instalments. The contractual term ends 14th November 2027. Please see the legal pack for further information.
Services
Mains water, gas and electricity. Mains foul drainage.
EPC
Exempt (as Grade II Listed)
Viewing
Strictly by appointment with the agent.
Local Authority
West Suffolk Council; West Suffolk House, Western Way, Bury St Edmunds IP33 3YU. Tel:
Brochures
St. Johns Street, Bury St. Edmunds, IP33 1SJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bury St. Edmunds Station0.4 miles
- Thurston Station4.1 miles
About Clarke and Simpson Commercial, Framlingham
Clarke & Simpson Well Close Square, Framlingham, IP13 9DUNotes
Disclaimer - Property reference S1099390. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clarke and Simpson Commercial, Framlingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Clarke and Simpson Commercial, Framlingham on 01728 443980.
*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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