Garden centre freehold sold
Eddisons has confirmed the sale of the freehold of the former Marlows Home and Garden Centre premises and site in Bury St Edmunds to Direct Furniture.
Situated on Hollow Road, just outside of the town centre, the freehold sale of the well known premises totalling 45,994 sq ft, set on a 3.228 acre site and which stopped trading in August last year attracted significant interest following a brief period of marketing by the sole agents Eddisons. The sale concluded by way of best and final offers in the first quarter of the year (2021).
According to Eddisons, this reinforces its current market view that where freehold property is available, demand is ongoing with good opportunities commanding serious interest from owner occupiers and investors alike.
Also, the agent adds that the sale demonstrates that Bury St Edmunds remains a popular retail location and the expansion of a local retailer is great news for the town. Hazells acted on behalf of the purchaser.
For more information on retail freehold opportunities or premises to let in Bury St Edmunds, contact Simon Burton at the agent’s office in the town, on 01284 702655 or [email protected].