3 Friars Street, Sudbury, Suffolk, CO10 2AA
- PROPERTY TYPE
Convenience Store
- SIZE
Ask agent
Key features
- Leasehold
- During business hours - no appointment necessary - however, potential buyers must respect the current tenants and their business operations
Description
COMMERCIAL INVESTMENT: A GROUND FLOOR RETAIL UNIT FULLY LET, PRODUCING AN INCOME OF £12,000 PER ANNUM, AN 9.2% YIELD OF THE GUIDE PRICE
A ground floor convenience store within a Grade II listed historic building, in the heart of Sudbury Town Centre. Currently let and producing an income of £12,000 per annum, which represents a yield just over 9.2% of the guide price. The property will be offered as a virtual freehold, with a brand new 999 year lease, with £0 ground rent.
It is considered that the property would make an ideal buy to let investment due to its vibrant town centre location
£1,000 per calendar month (£12,000 per annum)
The property will be sold with a 999 year head lease. For more information, please refer to the Legal Pack
We are advised by the seller that the lease has a term of 15 years from 4/5/2021. For more information, please refer to the Legal Pack
Grade II Listed
Brochures
Legal Documents3 Friars Street, Sudbury, Suffolk, CO10 2AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Sudbury Station0.3 miles
- Bures Station4.9 miles
About the agent
Dedman Gray Auction, Essex
103 The Broadway, Thorpe Bay, Essex, SS1 3HQ
Dedman Gray Auction Ltd are based in Thorpe Bay in Southend on Sea, Essex and are firmly established as one of the top 20 UK national auctioneers, holding regular land and property auctions.
Buying or selling land and property at auction is ideal if you wish to remove the uncertainties of the normal selling process. A sale by public auction demonstrates the best possible price has been obtained taking into consideration market conditions and the position and repair of the property. Dedm
Industry affiliations
Notes
Disclaimer - Property reference 251924. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auction, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auction, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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