46/48 High Street, CB8 8LF
Prime Freehold VAT Free Bank Investment
The property has the following key attributes that we would like to draw to your attention:
- Newmarket is a busy East Anglian market town
- Prime retailing location
- Well secured to a major banking covenant
- New rebased lease with approximately 4.5 years unexpired
Our clients have instructed us to seek offers in excess of £1,000,000 (One Million Pounds) subject to contract and exclusive of VAT for the freehold interest in the property. A purchase at this price would show an investor an attractive net initial yield of approximately 6.15% assuming standard purchaser’s costs.