98, 99 & 99a and 6 Old Market Place
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Description
LOCATION
The property stands on the corner of North Street and Old Market Place in the heart of the town centre. This section of North Street is regarded as the prime retail pitch in the town and nearby occupiers include The Works, Vodafone, Iceland, Peacocks, Waterstones/TG Jones. The town centre car parks, bus and railway stations are all within a 5 minute walk. Sudbury is a thriving market town situated on the Essex/Suffolk border about 12 miles south of Bury St Edmunds and 14 miles from Colchester. The M11 and Stansted Airport are within a 40 minute drive.
DESCRIPTION
98/99 North Street is a purpose-built unit constructed in the early 1970´s of cavity brick/blockwork under a predominantly pitched tiled roof. It is arranged as two retail units on the ground and part of the first floor with the remainder of the upper floor being a suite of self-contained offices with access from Old Market Place. Although modern, the building is Listed Grade II. There is parking behind 99 North Street with space for two cars.
6/6a Old Market Place is also Listed and has traded for the past 20 years as Pizza Town. The original building has plastered elevations under a peg-tiled roof with the later extensions being cavity build with a flat roof covering.
ACCOMMODATION
98 NORTH ST
Ground Floor Net Sales 780 sq ft
First Floor 727 sq ft
Tenant: Suffolk Building Society
Rent £23,000 pax 10 year lease from October 2023
Tenant option to break 2028
99 NORTH ST
Ground Floor Net Sales 1140 sq ft
Tenant: Entain Ltd t/a Corals
Rent £23,000 pax 10 year lease from August 2023
Tenant option to break 2028
99a NORTH ST
First Floor Offices 1,100 sq ft
Tenant: Holmes & Hills LLP Solicitors
Rent £12,750 pax 10 year lease from October 2023
Tenant option to break 2028
6/6a OLD MARKET PLACE
Restaurant/Sales 860 sq ft
Kitchen 227 sq ft
First Floor 437 sq ft
Tenant: 10 year lease agreed to an individual
Rent: £23,000 pax subject to contract
The lease will be excluded from s24 - 28 of the Landlord & Tenant Act 1954
SERVICES
All main services are connected
TERMS
Offers invited in the region of £995,000 plus VAT for the freehold interest, subject to contract. It is envisaged that the sale will be by way of a Transfer of a Going concern (TOGC).
OUTGOINGS
98 North Street
Rateable Value £21,750
99 North Street
Rateable Value £30,500
99a North Street
Rateable value £12,750
6/6a Old Market Place
Rateable Value £17,750
VAT
The premises is elected for VAT
PARKING NOTES
There are two parking spaces to the rear of 98/99 North Street
VIEWING
Strictly by confirmed prior appointment with Birchall Steel a division of Nicholas Percival
Gordon.
Energy Performance Certificates
EPC Front Page98, 99 & 99a and 6 Old Market Place
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sudbury Station0.3 miles
- Bures Station5.0 miles
Notes
Disclaimer - Property reference 101551004250. 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 Nicholas Percival Commercial, Colchester. 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.




