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Spice Garden 109 Risbygate St 738 SF Retail Building Bury St Edmunds IP33 3AA $307,499 ($416.67/SF) 10.90% Cap Rate
Investment Highlights
- Located in a key retail and leisure destination for West Suffolk
- Close proximity to local amenities
- Close to public parking spaces
Executive Summary
The property is let on a business lease for a term of 20 years from 14th May 2019 and contracted out of the 1954 Landlord & Tenant Act.
The lease is upon full repairing and insuring terms and the current passing rent is £25,000 per annum, subject to open market, upwards only rent reviews on 14th May 2024 (not implemented) and 5 yearly thereafter, with a tenant break clause on 13th April 2029.
The lease was assigned on 23rd February 2026 to the current tenants.
The lease is upon full repairing and insuring terms and the current passing rent is £25,000 per annum, subject to open market, upwards only rent reviews on 14th May 2024 (not implemented) and 5 yearly thereafter, with a tenant break clause on 13th April 2029.
The lease was assigned on 23rd February 2026 to the current tenants.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
738 SF
Building Class
B
Year Built
1800
Price
$307,499
Price Per SF
$416.67
Cap Rate
10.90%
NOI
$33,517
Tenancy
Single
Building Height
4 Stories
Building FAR
0.37
Lot Size
0.05 AC
Frontage
26’ on Risbygate Street
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Nearby Major Retailers
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Spice Garden | 109 Risbygate St
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