Office for sale: Market Place, Mildenhall, Bury St. Edmunds, Suffolk, IP28


Reference: 37215_FBM200044

Key Features

  • Leasehold sale
  • Annual rental income of £13,750
  • Yield 7.6%
  • A new 125 year lease on completion of the sale
  • Shop has two large front windows
  • Situated in the centre of town

Summary

We are offering for a leasehold sale part of 33 Market Place which is currently let to Hays Travel.The current annual rental income is £13,750 pa giving a yield of 7.6%. The Freeholder will be issuing a new 125 year lease on completion of the sale.

Description

We are offering for a leasehold sale part of 33 Market Place which is currently let to Hays Travel.The current annual rental income is £13,750 pa giving a yield of 7.6%. The Freeholder will be issuing a new 125 year lease on completion of the sale.

PROPERTY DESCRIPTION
INTRODUCTION
We are offering for a leasehold sale part of 33 Market Place which is currently let to Hays Travel.
This leasehold shop occupies an exceptional location in the centre of Mildenhall Market Square currently occupied by Hays Travel with a new 10 year lease with a 3 year break. Contact office for details
The front has two large display windows, to the side are a further three "box" display windows. The building is a listed building and is also in the town centre conservation area.
The current annual rental income is £13,750 pa giving a yield of 7.6%.
The Freeholder will be issuing a new 125 year lease on completion of the sale.
14m x 6m (84m²)
Consisting of display windows opening on two sides to the market square. The unit is approximately 900sq ft, comprising of a main retail area, secure currency booth and a private staff area to the rear.

OUTSIDE:
The shop is situated on the Market Place with public parking and easy access to other local amenities and shops.
Mildenhall is a vibrant Market town with a mix of national chains (Sainsburys, Co-op, Wilkinsons, Factory shop, Costa etc) and local businesses providing a range of services.

AGENTS NOTES:
1. The Freeholder will recharge a proportion of the annual Buildings Insurance
2. No service charges are payable. Repairs undertaken are shared by the 4 units in the building and are recharged at cost as they occur.
3. The internal images are not up to date.

SITUATION
The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age. Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure". Centred around an historical market place offering a good range of shopping, education and leisure services together with many local places of historical interest. Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the North East and Newmarket (10 miles) and London to the South and Southwest. Other towns within travelling distance are Brandon to the North West and Bury St Edmunds to the south east via the A1101.

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Reference: 37215_FBM200044

Contact Agent

Christchurch
Tel: 01202 474202