Detached two storey premises formerly used as a restaurant in the heart of Whittlesey Town Centre. Ground floor provides waiting / bar area, restaurant seating areas, partly fitted commercial kitchen (including white walling, non slip floor, extractor hood and associated venting system, walk in fridge and various kitchen equipment), staff WC, storage areas and small conservatory. First floor provides additional open plan seating plus male & female WC’s. First floor could potentially be self contained to allow conversion to residential. The property has been refurbished throughout to include full redecoration and replacement carpeting.
The property is a semi detached and refurbished period building, situated in a prominent position in Bury St Edmunds town centre. The accommodation is arranged over ground, first and second floors and has been fitted for retail, therapy and office uses. The ground floor has a glazed retail frontage, with the upper floors benefitting from independent access from Woolhall Street. The property will be of interest to owner occupiers or investors and has potential for future conversion of the upper parts to residential (subject to planning).
The property comprises a vacant detached MOT workshop, offices, store and former petrol filling station shop of steel frame construction with concrete block and profile metal sheet elevations. The roof covering is also of profile metal sheet incorporating acrylic panels. Multiple vehicle access doors provide entry to the MOT workshop which an be occupied as two separate facilities.
The area beneath the former petrol station canopy is let as a car wash.
The property was built around 2008 and comprises a warehouse with integral first floor offices fitted to the front elevation which formed part of the original specification. More recently a large mezzanine floor has been constructed to the exposed side elevation providing further offices. The office mezzanine is steel frame with timber deck flooring. The original layout of the accommodation enables the office area to be extended relatively easily to the ground floor level underneath the first-floor offices. Fenestrations are already provided at this point to the front elevation.
The property is offered on a long leasehold basis for a term to 19 October 2155 (around 133 years unexpired at a current ground rent of £100 per annum rising to £200 in 2030 for the next 25 years then doubles every 25 years. Further details upon request
Tenant covenant information available within property particulars.
Town centre multi-let investment. Fully let consisting of ground floor retail and first floor residential parts. The property is of brick-built construction under pitched roof. The ground floor is split into two retail units with 42 let to an off-license and 44 to a mini-market. The first floor is divided into 3 two bedroom flats all of which are let on assured short-hold tenancies.
The property comprises a self-contained building of steel portal frame construction with single storey offices and ancillary accommodation running along the side of the building facing a large car park.
The warehouse has concrete floors, insulated wall and roof panels, and electric blow heaters. The eaves height in the main warehouse is circa 6.6m. The main production space is sub-divided to provide storage and loading areas, production and preparation areas with spray booths and ancillary space.
Externally, to the front elevation there are two roller shutter doors and a loading area. To the side there is staff and visitor parking with approximately 58 spaces in total. To the rear, there is a further roller shutter door together with externally accessed compressor house.
The site is rectangular in shape and generally level. The site is secured by palisade fencing round the perimeter. The site extends to 1.49 acres (0.6 hectares) or thereabouts.
The site is accessed directly from Patricia Way which leads to the car park. There are units to the side/rear of the subject building which are also occupied by Blaze Signs under separate leases.
The property will be let to Blaze Signs Limited on a 20-year full repairing and insuring lease on completion of the sale of the building. The lease will include a tenant break at the end of the 15th year of the term subject to no less than 6 months prior written notice. The lease will be subject to 5 yearly upwards only rent reviews, to open market rental value or by reference to the RPI index (subject to collar of 2% and a cap of 4% per annum compound) whichever is the higher. The lease will incorporate normal alienation provisions for assignment or subletting of the whole or part.
Blaze Signs Ltd is one of the largest UK Sign manufacturers. In September 2020 it was acquired, along with its sister company Cygnia Maintenance Ltd, by Hexcite Holdings. The 9 months accounts to December 2020 reflect considerable disruption due to the Covid 19 Pandemic, but post 2020 Blaze has benefitted from its retail clients recovery & heightened investment in their estates. The outlook is extremely positive.
Management accounts for the year to December 2021 together with forecasts for 2022 are available to interested parties on a confidential basis as soon as possible, further detail upon request.
The property comprises a purpose built office arranged over ground and first floors, which has recently been refurbished by the current owners. Each floor has its own entrance from street level. The ground floor provides an entrance area, fitted kitchen, male and female WC’s and 6 office areas. The first floor provides a further fitted kitchen, male and female WC’s and 6 office areas.
The property benefits from carpeting throughout, gas fired central heating via wall mounted radiators, ceiling mounted LED lighting and perimeter trunking. Fully let to two tenants and producing a total income of £38,400 per annum exsclusive.
Residential Investment Producing A Gross Income of £134,820 PA.
21 self-contained apartments (all let on AST’s).
Vacant first floor office accommodation.
Potential to convert offices to residential (STP).
City centre location.
Single storey industrial units – fully let.
Well located on the fringe of Bradford city centre.
Producing £74,000 per annum exclusive.
Six high quality self-contained two-bedroom apartments.
Each having a designated car parking space.
Income producing (currently £64,440 pa).
Attractive village location approximately 9 miles east of Exeter.