St. Andrews Street South, Bury St. Edmunds, Suffolk, IP33

Attractive town centre retail investment.

LOCATION
Situated in the heart of Bury St Edmunds town centre very close to the Arc Shopping Centre in the main market square of Bury St Edmunds. The shops were completely converted during 2019 and are both fully let. Bury St Edmunds has a current shopping population of approximately 45,000 and a shopping interland of 150,000.

TERMS
59 St Andrews Street is let to Sunny Nails. New lease from 2026 for a term of 10 years at a commencing rent of £17,500 with rent review at 5 year period. Virtual freehold (999 years).

61 St Andrews Street is let to Shufflle on 15th October 2021 for a period of 10 years. Rent reviewed to £22,000 per annum 15th October 2026. Virtual freehold (999 years).

SERVICE CHARGE
Tenants are responsible to pay a proportion of the service charge for maintenance of external decorations and buildings insurance.
GROSS YIELD
Approximately 8%

VIEWING AND FURTHER INFORMATION
Contact Lacy Scott & Knight
John Casson

We are mandated by HMRC to carry out Anti Money Laundering Checks. We outsource these checks to our compliance partners at Coadjute and they charge a fee for the service. If you have had an offer accepted Coadjute will contact you on our behalf. The cost of these checks is £33 (including VAT) per person and is non-refundable. The fee will need to be paid prior to issuing a memorandum of sale. Lacy Scott & Knight do not receive any commission for this service.