RETAIL TO LET

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RETAIL TO LET
RETAIL
TO LET
8 Brentgovel Street
Bury St Edmunds IP33 1EB


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Prominent retail unit in town
centre location
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Two retail floors
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May suit alternative uses (STP)
Corner position with return
frontage
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325.7m 2 (3,505ft 2 ) (NIA)
Rear delivery access
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£40,000pax
Voted by Estates Gazette ‘Most Active Regional Agent in Cambridgeshire’
LOCATION
RATES
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 Boots
Opticians, 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.
From enquiries made of the Valuation Office
Website the property has a Rateable Value of
£52,500 (2010 Assessment).
DESCRIPTION
The
property
provides
substantial
retail
accommodation and is arranged over two sales
floors, with ancillary storage and WC’s. The
property has a return frontage onto Short
Brackland, with delivery loading access to the rear
of the property. Internally the space is
predominantly open plan with an attractive period
timber frame visible. The property has been used
as a fabric shop and discount book store but may
lend itself to alternative uses such as a restaurant
or café (STP).
ACCOMMODATION
m²
159.8
165.9
ft²
(1,720)
(1,785)
Ground Floor
First Floor
Ladies & Gents WCs
________________________________________
Total (net internal area)
325.7m² (3,505ft²)
Areas measured are approximate
SERVICES
Mains drainage, water, gas and electricity are
available to the property. Interested parties are
however advised to make their own enquiries of
the relevant service providers.
LEASE TERMS
The premises are available on a new full repairing
and insuring lease for a term by negotiation.
For the year commencing 1 April 2015 rates are
normally charged at 49.3p in the pound on the
Rateable Value of £18,000 and over and 48p in
the pound on the Rateable Value of £17,999.99
and under. Interested parties are advised to check
with the Local Rating Authority as to the amount
payable.
SERVICE CHARGE
A service charge will be levied in respect of a
contribution towards the upkeep of common areas
and insurance, which equates to 35% of the total
annual expenditure. Further details are available
from the agents.
PLANNING
The property has consent for A1 retail 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.
LEGAL COSTS
Each party to bear their own legal costs.
VIEWING
Strictly by appointment with the agents:Barker Storey Matthews
Telephone: (01284) 702655
Fax:
(01284) 704417
Simon Burton
Steven Mudd
Contact:
[email protected]
[email protected]
www.bsm.uk.com
Ref: 4158/151014
RENT
£40,000 per annum, exclusive of VAT, service
charge, insurance and all other outgoings. We
understand that VAT will be charged on the rent.
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.