Retail Property (high street) for rent: New Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28


Reference: 37215_FBM200227_L

Available From:

Monday 11 March 2024

Key Features

  • A1 retail unit
  • Prime position on edge of town
  • Within 50 yards of High Street & Market square
  • 400sq ft
  • Free parking close by
  • Prominent twon centre splay window
  • Re-fitted as clean bare shell
  • WC
  • Variety of terms

Description

This ground floor retail unit occupies a prime position on the edge of the town centre, in a modern building with a highly visible frontage onto the High Street/New Street. The unit is in the process of being sub-divided from a larger unit and will extend to 34sq m (407 Sq ft).

PROPERTY DESCRIPTION
This ground floor retail unit occupies a prime position on the edge of the town centre and was refurbished in 2020, in a modern building with a highly visible frontage onto the High Street/New Street. The unit extends to 34sq m (407 Sq ft). Mildenhall has a vibrant town centre with very few commercial units currently available.

This unit was formally a barbers and retail outlet and therefore has consent under E(a) (formally A1) general retail use. The unit has a substantial 9-10ft wide display window and undercover entrance door which will open onto a customer reception/waiting area.

The unit can be re-fitted for a range of retail or service uses (under E(a) formally A1)

The town centre benefits from a weekly market and a number of free short stay car parks close by.

SHOP FLOOR
Main shop area 34 sq m (407sq ft) with a frontage of approximately 13ft.

WC
With low level wc and handbasin.

SERVICES
Single phase power supply and water supply
The tenant will be required to pay for their own electricity and water services.

TERMS
Available from 01/04/2024

Lease or licence (contact the office for details)
A variety of terms are available. This can range from a 6 year lease (3 year break/rent review) to a 12 month licence.

PARKING
On street short stay free shopping parking directly in front of the unit with further free short stay parking in the Market Square and behind Pitstop, both around 40m away.

RENTAL
£6,000 per annum (£500 per calendar month)

BUSINESS RATES
The unit will be subject to business rates. If the tenant has no other businesses within the West Suffolk Council area, may be eligible for full small business rate relief. Tenants will be required to make their own enquiries.
Business rates assessment (tbc) Contact the office for more details

SITUATION
The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age. Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure". Centred around an historical market place offering a good range of shopping, education and leisure services together with many local places of historical interest. Approximately two miles from the A11 five ways roundabout which gives access toThetford (12 Miles) and Norwich to the North East and Newmarket (10 miles) and London to the South and Southwest. Other towns within travelling distance are Brandon to the North West and Bury St Edmunds to the south east via the A1101.

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Reference: 37215_FBM200227_L

Contact Agent

Smiths of Newent
Tel: 01531 820767