2-3 Brentgovel St - Storefront Retail/Office FOR SALE


Bury St Edmunds, SFK IP33 1EA
$575,000 USD
2-3 Brentgovel St, Bury St Edmunds, SFK for Sale
$575,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 8.91% Cap Rate

2-3 Brentgovel St
Bury St Edmunds, SFK IP33 1EA


HIGHLIGHTS

  • Bury St Edmunds is an affluent and attractive market town.
  • Good secondary retail location within heart of town centre.
  • Both tenants in occupation for over ten years.

OVERVIEW

Asking price £575,000 reflecting a net yield of approximately 8.45%. Ideal SIPP investment opportunity, freehold subject to two occupational leases with the gross rental income is £51,250 per annum. No. 2 is let to Oxfam (registered charity Co No: 612172) on effective full repairing and insuring terms for a term of 10 years from 29/9/18 at £25,000 pa subject to rent review and tenant’s break option on 28/9/23 on providing six months prior notice. Oxfam form part of Oxfam International with a GB income in excess of £400m. No. 3 is let to St Edmunds Butchers Ltd (Co No: 07945590) on FRI lease for a term of 10 years from 29/9/19 at a rent of £26,250 pa subject to rent review and tenant’s break option on 28/9/24 on providing six months prior notice (not exercised). The lease has a personal director’s guarantor. St Edmunds Butchers Ltd is a small local company established in February 2012.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

8.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

SK124023,SK311277,SK325783,SK397124,SK399796,SK421070

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Richard PyattHazells Chartered SurveyorsMore Info

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