Penn Commercial is pleased to have arranged the successful freehold sale of the detached Ground Floor retail premises at 9 Sorley Road, Suffolk Central Business Park in Stowmarket to Popular Limited, acting on behalf of client RLMH Commercial Ltd, for use as a Budgens supermarket.
The newly-constructed retail premises of 372 square metres (4,000 square feet) is located at Suffolk Central, a modern new business park to the west of Stowmarket, just three minutes from the main A14, and is a purpose-built, landscaped commercial hub.
The prestigious scheme offers a total of 20 offices units, plus this retail premises, across three phases, with ample on-site parking and landscaping.
Other occupiers of Suffolk Central include Aaron Services and Farmers Guide.
Hiren Patel, Director of Popular Limited, said:
"In recent year, the convenience retail market has been facing several challenges because of the higher energy costs and interest rate environment.
"Despite this, well-placed freehold assets with strong demand fundamentals and local communities need – of which this Budgens store is a good example – continue to have warm welcome from neighbouring business and residents.
"It was our pleasure to work with the team at Penn Commercial on this deal and we extend our gratitude to Penn Commercial for their services.”
Robin Cousins, Associate at Penn Commercial, commented:
"We are delighted to have succeeded in bringing a sought-after provision on the Suffolk Central Business Park and the Chilton Leys residential development.
"The addition of the Budgens brand offers a strong community retail provision. The 4,000-square-foot premises has been split to provide 3,000 sq ft of convenience store and a further 1,000 sq ft that is available to let.
"The vacant space would suit a number of occupiers or local businesses to further serve the community, and is available immediately on new lease terms.”
Suffolk Central Business Park offers a convenient location, adjacent to the main A14 corridor, equidistant to Ipswich and Bury St Edmunds, and provides strategic access to the UK’s major road network. The main line Stowmarket Rail Station is just a few minutes away.
Photo caption: Penn Commercial has arranged the freehold sale of the detached Ground Floor retail premises at Suffolk Central Business Park, Stowmarket to Popular Limited, for use as a Budgens supermarket. [CREDIT: Popular Limited]
For further information on Penn Commercial, visit www.penncommercial.co.uk
To find out more about Budgens and RLMH Commercial Ltd, go to www.budgens.co.uk/ and www.rlmhltd.com respectively.
ENDS
Notes to Editors:
Penn Commercial was established by Vanessa Penn in 2007 and celebrated its 15th anniversary in 2022. The agency provides a personal and dedicated service, with over 80 years’ combined property experience in East Anglia.
Reinforced by unrivalled local knowledge across all commercial property sectors, including retail, business space, logistics, warehousing, industrial, land, investment and development, Penn Commercial acts for a range of private and public sector clients.
The Penn team now numbers ten staff and is based at Fox’s Marina in Ipswich.
For any commercial enquiries, please contact:
Robin Cousins / Tel: 01473 211933 / This email address is being protected from spambots. You need JavaScript enabled to view it.
For any media enquiries, please contact:
Rachael Jackson / Tel: 01473 211933 / 07471 083167 / This email address is being protected from spambots. You need JavaScript enabled to view it.