Ponden Home, Newmarket

 

Units 2-3, Crown Walk, Exeter Road, Newmarket, CB8 8NG

Offers in excess of
£275,000
Available
Type - Commercial
Tenant type - Retail – other
  • Tenure: Freehold
  • Gross Rent: £27,360
  • Gross Yield: 10.0%
  • Lease Term: 10 years from May '09
  • VAT applicable?: Y
  • Large Unit
  • Rent Review Outstanding

Property Description

This property is for sale in auction on Tuesday 17th October. View the catalogue entry here.
  • Freehold, Blue-Chip Retail Investment
  • Ground floor retail unit with ancillary above totalling circa 3,500 sq. ft.
  • Dedicated servicing access to the rear

Location Description

  • Newmarket is well known as the headquarters of British horse racing and has a resident population of some 20,000.
  • The town is located 13 miles east of Cambridge and 14 miles west of Bury St Edmunds and is served by both the A14 and A11 dual carriageways, providing access to the M11 Motorway
  • The property is located in Crown Walk, a shopping precinct located at the north-western end of the High Street.
  • Occupiers close by include Iceland, Prezzo, NatWest, Ladbrokes, Bathstore and a variety of local traders.
  • A large multi-storey car park is immediately to the rear of the property

Additional Notes

  • Unit is currently occupied by one retailer but could be re-let in future as two self-contained units.
  • Notice has been served on the tenant in respect of the outstanding 2016 rent review quoting a rent of £35,000 p.a.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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