Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

‘Voted by the Estates Gazette Most active agent in the East of England 2014, 2015, 2016’

www.b

5 - 8 Brentgovel Street,

Bury St Edmunds IP33 1EB

Prominent town centre multi-let

investment

Anchored by Boots Opticians

Rental increase recently agreed

on number 6

Currently producing £87,000pa

rising 97,000pa over 4 years

Potential to increase rent roll via

an outstanding rent review and

letting vacant office space

Price: £1,500,000 Net initial yield: 5.5%

INVESTMENT FOR SALE

BURY ST EDMUNDS 01284 702 655

Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may

they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices

and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property

Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office

LOCATION Bury St Edmunds is an affluent market town located in the heart of west Suffolk and benefits from a

buoyant retail centre and tourist trade. Markets are

held on Wednesdays and Saturdays and the town has a catchment shopping population of 251,000 people

(source: Promis).

The property is located in Brentgovel Street in Bury St

Edmunds, close to the prime retail areas. Other

neighbouring retailers include Hughes Electrical, Sports Direct, Greggs and Greenwoods Menswear.

Brentgovel Street is a thoroughfare from Risbygate Street and St Johns Street to the Buttermarket,

McDonalds restaurant and Marks & Spencer.

DESCRIPTION The property consists of a block of three retail units

and a first/second floor office. Number 5 is a grade II

listed building let to Boots Opticians who have been in occupation for a number of years having renewed

their lease in 2011. Number 6 is let to Celebrities

Nails who have been in occupation since 2012 and have recently agreed an increase at their rent review.

Number 7 is a first and second floor office most recently let to a Women’s Aid charity and has been

vacated in Feb 2018. Number 8 is let to Furniture

Market Limited on a 10 year lease from 2016. A tenancy schedule is overleaf.

ACCOMMODATION 5 Brentgovel Street

NIA: 315 sq m (3,391 sq ft)

ITZA: 112.45 sq m (1,210 sq ft)

6 Brentgovel Street

NIA: 155.08 sq m (1,668 sq ft)

ITZA: 55.33 sq m (574 sq ft)

7 Brentgovel Street

NIA: 54.06 sq m (582 sq ft)

8 Brentgovel Street

NIA: 325.7 sq m (3,505 sq ft)

ITZA: 124.42 sq m (1,339 sq ft)

Total NIA: 849.84sq m (9,146 sq ft)

All measurements above are approximate.

SERVICES

Mains electricity and water are available to the

premises. Interested parties are however advised to

make their own enquiries of the relevant service providers. No warranty can be given in respect of the

condition or working order of services, fixtures and

fittings.

PLANNING The ground floor retail premises have consent for A1 Retail Use however we understand that Number 6

also has consent for A3 having previously been used

as a Café in part. Number 7 has consent for B1 Office Use. Interested parties should satisfy themselves as

to the suitability of the current planning consent for their proposed use of the premises by contacting the

local Planning Authority.

BUSINESS RATES We understand from internet enquiries made from the

VOA website that the properties have rateable values

of:

5 Brentgovel Street £30,750

6 Brentgovel Street £14,250

7 Brentgovel Street £4,700

8 Brentgovel Street £29,250

For the year commencing 1 April 2018 rates will

normally be charged at 49.3p in the pound over £51,000 RV and 48p under £51,000 RV. However the

amount may be affected by transitional adjustments

or small business rates relief and could be higher or lower - interested parties are advised to check with

the local Council.

PRICE Offers are sought for the freehold subject to the

existing tenancies in the region of £1,500,000. We understand that VAT will be charged on the price.

LEGAL COSTS Each party to be responsible for their own legal costs

however the prospective purchaser will be required to provide an abortive undertaking.

VIEWING

Strictly by appointment with the agents:-

Barker Storey Matthews

Davies House, 4 Hillside Business Park, Kempson Way,

Bury St Edmunds, Suffolk, IP32 7EA

Contact:

Simon Burton sb@bsm.uk.com

Steven Mudd sm@bsm.uk.com

(01284) 702655

Ref: 4847/180323

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may

they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices

and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property

Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office

Bury St Edmunds ● Cambridge ● Huntingdon ● Peterborough

Tenancy Schedule Unit Floor Sq ft Tenant Start Date Expiry £Rent ERV Comments

5 Ground& First

3,391 Boots

Opticians

01/04/2011 31/03/2021 £40,000 £42,500 Rent Review 01/04/2016 currently outstanding. Tenant only breaks at 01/04/2014 and 01/04/2016 were

not exercised.

6 Ground& part First

1,668 H T Nguyen 01/08/2012 31/07/2022 £17,000 £17,000 Rent Review 01/08/2017 settled.

7 First &

Second

582 Vacant N/A N/A N/A £6,500 Currently vacant.

8 Ground & First

3,505 Furniture

Market

18/10/2016 17/10/2026 £30,000 £40,000 Rent: Yrs 1 & 2 £30,000pa, Yrs 3 & 4: £35,000pa, Yr 5: £40,000pa RR:

18/10/2021, Tenant only breaks at 18/10/2019 and 18/10/2022.

Total £87,000 £106,000

ORDNANCE SURVEY PLAN

THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED.

THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM PART OF ANY CONTRACT. LICENCE NO. 100003928