Lot 78 Town Centre Commercial InvestmentAuction Date:
11th December 2025
3 The Traverse, Bury St. Edmunds, Suffolk, IP33 1BJ
Currently let at £28,500 per annum
Key Features
This established town centre building is situated in the Suffolk town of Bury St Edmunds and is currently arranged as two ground floor retail units, which are currently both let. The upper parts may offer potential for alternative uses as they are not currently being utilised but they are still within the tenancy of Timpson, subject to all necessary consents being obtainable.
Timpson
Ground Floor
Entrance door to main sales area, back shop and kitchenette, stairs to first floor and use of cloakroom/W.C., rear access to basement level.
First Floor
Access via a staircase from the rear of the Timpson shop to landing, cloakroom/W.C. and one L-shaped room.
Second Floor
Landing, three rooms and storage cupboards. Staircase leading to attic room and further staircase leading to second attic room.
Tenancy
Let on a Commercial Lease which has expired and the tenancy is currently holding over at a current rental of £16,000 per annum.
EPC Rating
D (85). Total Floor Area 270 sq.m.
Crumbs
Entrance door to main sales area, kitchen and food preparation area, cloakroom/W.C., rear store and access to cellar.
Tenancy
Let on a Commercial Lease from 13th November 2023, ending 12th November 2028, with a break clause on 30th October 2026 at a current rental of £12,500 per annum.
EPC Rating
D (89). Total Floor Area 25 sq.m.
Local Planning Authority
West Suffolk Council. Tel: 01284 757675. Website: westsuffolk.gov.uk.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
