Commercial property for sale in Prospect Row, Bury St. Edmunds IP33
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- To be offered on Wednesday 29 May
- Investment let at £42,245
- P.a. (10.83% giy on guide)
- Let to Enterprise Rent-a-Car UK Limited on 20 year lease from 2012 (approx. 8 years unexpired)
- Current tenant has D&B rating of 5A1 (£1.39 billion in turnover in 2023)
- Rent reviews every 5th Year
- Future development potential for a Mixed use/Residential scheme (subject to the requisite consents)
- Feasibility sketch for development in key documents
- Located adjacent to the Arc Shopping Centre
- 6 week completion available
Property description
Strapline
Auction Sale - 29/05/2024
Of interest to Investors and Developers
A freehold corner plot with single storey office let to Enterprise Rent-a-Car UK Limited with future development potential (subject to the requisite consents)
Investment let at £42,245 p.a.
Description
A freehold corner plot of land with a single storey office, car wash area and associated car parking space for the occupying tenant.
The site offers future development potential (subject to the requite consents)
Potential proposed massing (please refer to feasibility sketch)
- Unit 1 - 2 storey, 2 bedroom house (80 sqm)
- Unit 2 - 2.5 storey, 3 bedroom house (136 sqm)
- Office - 3 storey (total 424 sqm)
The property is located adjacent to Arc shopping centre that has multiple national occupiers including Primark, H&M, jd sports, Nandos, Wagamama etc
Location
The property is located on the North side of King's Road
Bury St Edmunds station is located an approx. 0.8 miles
Transport
Bury St Edmunds station - National Rail services
Tenancy
Please refer to Accommodation and Tenancy schedule
Please note that the measurements have been taken from the voa
Enterprise Rent-a-Car UK Limited
- D&B rating of 5A1
- £1.39 billion in turnover in 2023
- Pre Tax profit (2023) £206 million
Please note that the clients right for first refusal to purchase has been waived (please refer to legal pack)
Accommodation
Please refer to Accommodation and Tenancy schedule
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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