About this property
Joint Auctioneers: Smith Price RRG
Includes ground floor and first floor
Currently let to YMCA
Prominent double fronted shop on the High Street
A wonderful opportunity to purchase a substantial double-fronted shop in the heart of the Suffolk town of Haverhill.
The large building is excellently located on the High Street, situated between Clintons and Poundland, with nearby properties occupied by Iceland, Specsavers and Barclays.
The property is being offered for sale with the benefit of the long lease for 999 years (from 2004), with a peppercorn rent (see legal pack for details).
The premises are arranged over ground and first floor levels, with the following approximate floor areas:
The ground floor features a large sales area, with window display frontage of 12.3m, and max depth of 24.5m. In addition there is a Lobby with lift and stairs to first floor; Store Room; Manager's Office.
At first floor level, there is a large Store Area; Kitchen/Break Room with sink and base units; A pair of Cloakrooms (each with WC and sink); Lobby with doors to rear Service Yard.
Ground floor sales area - 306.38m² (3298ft²)
Ground floor ancillary area - 19.60m² (211ft²)
First floor ancillary area - 114.36m² (1231ft²)
The flexible accommodation should appeal to a range of buyers, with potential for alternative uses STP.
Long leasehold subject to tenancy
The property is located in the centre of the part pedestrianised High Street in the popular market town of Haverhill. Haverhill offers a wide range of shops, facilities and services and lies approximately 19 miles south of Cambridge and 15 Miles from Saffron Walden. The town has experienced significant expansion in recent years, with an increase of both residential and commercial stock.
VAT is payable on the purchase price.
The property is currently occupied by YMCA on a tenancy at will, with a passing rent of £13,000 +VAT per annum. See legal pack for details.
www.cheffins.co.uk/auctions/property-auctions or Senal Patel of Bishop & Sewell, 59-60 Russell Square, Holborn, London, WC1B 4HP
Cheffins Property Auction Dept 01223 213777
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.ï¿½