Colin Summers - Commercial Real Estate Showcase

The property comprises a mid terraced two storey building with adjoining self-contained retail units on the ground floor, with ancillary accommodation on the first floor. The commercial space totals 7,628 sq ft.

Newmarket is 12 miles east of Cambridge, 18 miles west of Bury St Edmunds. Good access to the A14, A11 and M11.The property is located on the northern side of High Street, Newmarket's main retail thoroughfare. Newmarket Train Station is located a short distance away. Stansted Airport is 30 miles away.

Sale Notes:
The investment opportunity comprises two adjoining retail units situated on High Street in the centre of Newmarket.

Offers in the region of £1,440,000 for its freehold interest, subject to contract and exclusive of VAT. A purchase at this level would show a net initial yield of 8.00%, assuming standard acquisition costs of 5.80%.
Unit 112 is let to Edinburgh Woollen Mill Ltd until Aug 2012 at a passing rent of £52,500 per annum. Unit 114 is let to New Look Retailers Ltd until September 2012 at a passing rent of £69,300 per annum.