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To Let

Block C, Atex Business Park, Gun Cotton Way, Stowmarket, Suffolk, IP14

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For Sale

Block C, Atex Business Park, Gun Cotton Way, Stowmarket, Suffolk, IP14

Freehold

£1,650,000 / NIY 4.4%

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Trade Counter Investment Opportunity

Property specification

  • High profile position at front of estate in middle of trade counter line-up
  • Freehold trade counter units
  • Comprising 9,516 sq ft in total with future potential for 6 easily sub-dividable units
  • Leases expiring in 2035 and 2030 AWULT 11.56 and 6.55 to break
  • 2x Grade A trade counter covenants in Howden Joinery Ltd and Toolstation Ltd (D&B rated 5A1 and 5A2)
  • Passing rents at £8 psf with an ERV of £10 psf providing good growth potential at review and an excellent reversionary yield
  • Net income of £76,923 per annum exc. / Reversionary income of £95,160 per annum exc.
  • Future proofed EPC rating of B with solar panels meeting modern energy standards
  • £1,650,000 / NIY 4.4%

Location

Located close to town centre and A14 dual carriage way

Location

Located close to town centre and A14 dual carriage way

Train Stations
  • Stowmarket 0.89km
  • Needham Market 4.76km
  • Elmswell 8.90km
  • Thurston 15.55km

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