Sold
- Mixed Use
- Tenure: Freehold
Call the team on 01473 558 888 for more information
The Freehold Ground Rents of 4 retails units and 6 flats above, all subject to long leasehold tenancies
Situated in the heart of Bury St Edmunds is this Freehold reversion of a 3 storey property arranged as 4 ground floor retail units with 6 flats above, all subject to long leasehold tenancies. The sale also includes the freehold of the access drive to the rear. Tenancy Schedule Shops 77a to 77d – Sold in October 2015 on 999 year leases at a fixed Ground Rent of £400 p.a. Flats 8 & 8a to 8e – Sold all together in March 2016 on 999 year leases at a peppercorn Ground Rent. The current buildings insurance premium is £2086.09 per annum which is fully reimbursed by all tenants. A 20% landlord’s commission of £417.22 is received. Total Income - £817.22 per annum.
Tenure
Freehold
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
St Edmundsbury Borough Council. Tel: 01840 763233
Solicitors
WGS Solicitors, 133 Praed Street, London W2 1RN, Ref: Jerome Shapiro, Tel: 020 7723 1656
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
