Savills is to auction a rare investment opportunity in Bury St Edmunds.
The single storey first generation warehouse is situated within a well-established commercial park in Bury St Edmunds. Extending to approximately 6,766 sq ft, the building has been extensively refurbished and benefits from a prominent roadside position, close to the West Suffolk Cemetery and Crematorium.
Let to Dignity Funerals Limited on a 15-year lease commencing July 2019, the building generates a current annual rent of £43,500. It is offered with a guide price of £575,000, reflecting a gross initial yield of 7.56 per cent.
Mhairi Archibald, associate director in Savills Auctions team, said: “This lot presents a secure, income-generating investment with a strong covenant and long-term lease in place, making it an ideal opportunity for investors seeking reliable returns in the commercial property sector.
“With its prime location near key local amenities and its established tenant, the property offers both stability and potential for long-term capital growth. It’s a compelling proposition for those looking to diversify their portfolio with a resilient asset in a thriving regional market.”
The auction takes place on Tuesday, October 21.
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