3 Friars Street, Sudbury, Suffolk, CO10

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Sudbury Station • Distance to Station: 0.3 miles

Agent Information: • Address: Beacon End Farmhouse London Road, Stanway, Colchester, CO3 0NQ

Full Description: LOCATIONThe property is located in Sudbury, an attractive historic market town that benefits from a population of around 25,000 (including Cornard), while also servicing a much wider catchment area. Sudbury has great transport links to the M11 leading to Stansted Airport and the A14 which leads to the county town of Ipswich. Sudbury is placed northwest of Colchester which is home to the main line railway station with travel times to London of approx. 50 mins. There is also a branch line train service from Sudbury to Marks Tey linking to the main line into Liverpool Street, London. The property is situated on a prominent corner position within the busy town centre on the east side of Friars Street at its junction with Station Road. Nearby occupiers include Pizza Express, Boots the Chemist, Natwest, Oxfam, Javelin Ladies & Menswear, Specsavers and Atkins Solicitors. DESCRIPTIONThe property comprises a ground floor ´E´ Class retail shop that benefits from a main sales area, storage to the rear, a WC and has a large glass frontage that achieves a great prominence in the town centre.There is also an opportunity to purchase 1 Friars Street which is adjacent to this property. ACCOMMODATIONACCOMMODATION (approximate) ITZA - 51. 91 m2 (559 sq. ft.) NIA - 61.74 m2 (665 sq. ft.) TERMSGUIDE PRICEWe are instructed to seek offers of £145,000 subject to contract.(Long Leasehold)OUTGOINGSRATEABLE VALUE | BUSINESS RATES3 Friars Street, Sudbury, CO10 2AA £10,500VATThe property is not elected for VAT.LEGAL COSTSEach party is to be responsible for their own legal fees in relation to any transaction.OTHERTENANCY1 Friars Street is currently Let to Premier Convenience Store on a IRI lease for a term of 15 years commencing 4th May 2021 (expiring 3rd May 2036), at a passing rent of £10,000 per annum exclusive. There are two open market rent reviews on the 4th May 2026 and 4th May 2031. A copy of the Lease is available upon request.TENUREThe property is available For Sale by way of a 999 year Long Leasehold interest from purchase at a Peppercorn Ground Rent.REF: C5063