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    Key features

    • To be offered on Wednesday 29 May
    • Investment let at £42,245 p.a. (10.83% GIY on guide)
    • Let to Enterprise Rent-A-Car UK Limited on 20 year lease from 2012 (approx. 8 years unexpired)
    • Current tenant has D&B rating of 5A1 (£1.39 billion in turnover in 2023)
    • Rent reviews every 5th Year
    • Future development potential for a Mixed use/Residential scheme (subject to the requisite consents)
    • Feasibility sketch for development in key documents
    • Located adjacent to the Arc Shopping Centre
    • 6 week completion available

    Description

    A freehold corner plot of land with a single storey office, car wash area and associated car parking space for the occupying tenant.

    The site offers future development potential (subject to the requite consents)

    Potential proposed massing (please refer to feasibility sketch)

    • Unit 1 - 2 storey, 2 bedroom house (80 sqm)
    • Unit 2 - 2.5 storey, 3 bedroom house (136 sqm)
    • Office - 3 storey (total 424 sqm)

    The property is located adjacent to Arc shopping centre that has multiple national occupiers including Primark, H&M, JD sports, Nandos, Wagamama etc

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule


    Please note that the measurements have been taken from the VOA


    Enterprise Rent-A-Car UK Limited

    • D&B rating of 5A1
    • £1.39 billion in turnover in 2023
    • Pre Tax profit (2023) £206 million

    Please note that the clients right for first refusal to purchase has been waived (please refer to legal pack)


    Rent

    £42,245 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

    We understand that there is a right of way through the premise; please refer to the legal pack.


    There is VAT on the sale of the property, but understand that the sale can potentially be treated as TOGC (please refer to legal pack)

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is located on the North side of King's Road

      Bury St Edmunds station is located an approx. 0.8 miles

      Transport

      Bury St Edmunds station - National Rail services

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums