Retail unit snapped up by investor in Stowmarket

Retail unit snapped up by investor in Stowmarket

Eddisons’ Bury St Edmunds agency team have confirmed the freehold sale of a retail unit in Stowmarket.

50 Ipswich Street was originally marketed for let, after being vacated by a dry cleaning business, as 695 sq ft ground floor retail unit with a glazed frontage and a loading area.

Following multiple leasehold bids on the ground floor for various uses, the property was sold to a private investor who intends to carry out a refurbishment with a view to let.

Commenting on the sale, Steven Mudd said,: ‘We are delighted to complete the sale of this prominent retail unit in Stowmarket town centre.

We were approached by a private investor in the local area negotiated a sale through us despite the property being offered to let.

“This was last available retail premises through Eddisons in Stowmarket and we are actively seeking good quality stock.“

Eddisons acted on behalf of the landlord/vendor.