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    Key features

    • To be offered on Wednesday 10th December
    • Well Established and modern funeral home located on the western edge of Bury St Edmunds
    • Let to Dignity Funerals Limited on a 15 year lease from July 2019 (subject to option - please see the legal pack)
    • Comprises approximately 6,766 sq ft
    • Prominent roadside frontage onto Western Way with varied neighbouring occupiers including vet surgeon, gym and offices uses
    • Located close to West Suffolk Cemetery and Crematorium
    • Investment let at £43,500 (Reflecting 7.98% GIY on Guide Price)

    Description

    The property comprises a single storey first generation warehouse. The property was comprehensively refurbished and fitted out for occupation by Dignity (trading as L.Fulcher Funeral Directors)

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Ground - 628.60 sq m (6,766 sq ft)


    Total - 628.60 sq m (6,766 sq ft)

    Tenancy

    Let to Dignity Funerals Limited on a FRI lease for 15 years from July 2019 at £43,500 per annum.

    The lease benefits from upwards only rent reviews on a five yearly basis

    D&B Rating 5A2

    Turnover £267.8m

    Pre Tax Profit £7.02m

    Shareholder's funds £178.88m

    Planning

    Sui Generis (Funeral Directors Facility). Please see West Suffolk Council planning portal for further information (www.westsuffolk.gov.uk).


    The mixed use nature of the Western Way area including vet, gym, office and retail suggests that there could be future redevelopment opportunities at the site (subject to the requisite planning consent)

    Rent

    £43,500 pa

    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.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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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

      Western Way is a well established commercial location with varied occupiers including an ASDA supermarket, Swayne & Partners Vet Surgeons, Iron Island Gym and Havebury Housing Association who occupy a modern office pavilion immediately to the east. Relevant to this property, West Suffolk Cemetery and Crematorium is located 1.5 miles to the west of Western Way. Bury St Edmunds town centre is located 1.7 miles to the west of Western Way.



      Transport

      Located close to the junction with Newmarket Road which connects with the A14.

      Legal documents

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      EPC rating

      The EPC rating for this property is E

      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.

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