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22-23 Churchgate St 2,213 sq ft Retail Property Bury St Edmunds IP33 1RG £425,000 (£192.05/sq ft)
INVESTMENT HIGHLIGHTS
- Town Centre location
- Fully Vacant
- VAT is not chargeable on the price
- Suitable redevelopment opportunity (stp)
- Recently producing £27,600 per annum fully let
EXECUTIVE SUMMARY
22 – 24 Churchgate Street is an attractive Grade II listed property comprising vacant ground floor retail space and a tenanted first and second floor flat. Internally the property has a wealth of period features including exposed brick and timber beams. The retail unit has attractive window frontage to Churchgate Street. There is a rear courtyard accessed from the retail unit as well as ground floor WC’s and basement storage.
The ground floor retail unit has two access doors and has historically been let as two separate units, but most recently as one unit. The first and second floors comprise a recently tenanted flat. The flat comprises two/three bedrooms, living room, two bathrooms and a kitchen. There is no parking with the property.
The ground floor retail unit has two access doors and has historically been let as two separate units, but most recently as one unit. The first and second floors comprise a recently tenanted flat. The flat comprises two/three bedrooms, living room, two bathrooms and a kitchen. There is no parking with the property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
2,213 sq ft
Costar Property Class
B
Year Built
1960
Price
£425,000
Price per sq ft
£192.05
Tenancy
Single
Number of Floors
3
Parking
3 Spaces (1.36 Spaces per 1,000 sq ft Leased)
Frontage
39 ft on Churchgate Street
AMENITIES
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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22-23 Churchgate St
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