Overview
Description
Location
The subject property occupies a prominent position in the medieval core of Bury St Edmunds located in a desirable and thriving retail street. The property neighbours other prime retail streets within the town centre as well as the historic Abbey Gardens. Nearby occupiers include Trotter & Deane, White Stuff, Dipples, Savers, Greggs, Pizza Express, Jigsaw and Café Nero and many other national regional and local high street operators.
The Grade II listed property is situated towards the top end of the Abbeygate street near the Buttermarket. The premises is split into two demises, 46 Abbeygate Street is occupied by a mobile phone repair operator and arranged over ground, first and second floors. 46A Abbeygate Street, occupied by a coffeeshop and wine bar tenant, is predominately laid out over ground floor with a basement accessed via a hatch.
Summary
Key points
- Located in Bury St Edmunds town centre
- Attractive income spread of £33,000 per annum exc
- Guide price represents a Gross Initial Yield of 7.76%
- Asset management opportunities
- For Sale freehold subject to the existing tenancies
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