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Investment

Investment For Sale Halesworth

PROPERTY ID: 134107

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,259 sq.ft

Key Features

Prominent building in the centre of Halesworth
4 x commercial units & 1 x 5 bedroom apartment
Generating an income of £44,340 per annum exclusive

Property Details

Location: Halesworth Is An Old Historic Market Town, With A Resident Population Of Circa 5,000. The Town Of Southwold Is Approximately 9 Miles To The East, Beccles Is Circa 9 Miles North And Framlingham Is Around 16 Miles South West. The Property Is Located In A Prominent Position In The Centre Of Halesworth. Description & Floor Areas: The Property Comprises An Attractive Grade Ii Listed, Three Storey Building With Double And Single Storey Extensions To The Rear. The Ground Floor Has Been Split To Provide Four Commercial Units With A Large Self-contained Five Bedroom Duplex Apartment Above. Unit 1 Main Office 212 Sq Ft ( 19.71 Sq M) Store 74 Sq Ft ( 7.78 Sq M) Entrance Lobby -- -- Total Net Internal Floor Area 296 Sq Ft ( 27.49 Sq M) Unit 2 Retail Area 398 Sq Ft ( 37.02 Sq M) Store 133 Sq Ft ( 12.31 Sq M) Total Net Internal Floor Area 531 Sq Ft ( 49.33 Sq M) Unit 3 Store 217 Sq Ft ( 20.18 Sq M) Production 838 Sq Ft ( 77.84 Sq M) Total Net Internal Floor Area 1,055 Sq Ft ( 98.04 Sq M) Unit 4 Kitchen 386 Sq Ft ( 35.90 Sq M) Total Net Internal Floor Area 386 Sq Ft ( 35.90 Sq M) Residential Apartment Ground Floor Area 211 Sq Ft ( 19.64 Sq M) First Floor Area 1,028 Sq Ft ( 95.50 Sq M) Second Floor Area 751 Sq Ft ( 69.81 Sq M) Total Gross Internal Floor Area 1,991 Sq Ft ( 184.95 Sq M) Accommodation & Rent: The Commercial Units Are Let On Rics Small Business Retail Leases And We Understand The Flat Is Let On An Assured Shorthold Tenancy Upon The Following Salient Terms. Copies Of The Leases Are Available Upon Request. Unit Tenant From Expiry Rent (p.a.x) Unit 1 Filo & Twine Ltd 10/06/2024 31/08/2028 £5,000 Unit 2 Private Individual 01/12/2023 30/11/2028 £12,000 Unit 3 Filo & Twine Ltd 01/09/2023 31/08/2028 £8,500 Unit 4 Gemma Riseley 01/07/2023 30/06/2028 £6,840 Apartment Private Individual -- Tbc £12,000 Total Current Rental Income £44,340 Business Rates & Council Tax: The Property Is Assessed As Follows: Unit 1 Rateable Value: £5,800 Unit 2 Rateable Value: £10,000 Unit 3 Rateable Value: £8,600 Unit 4 Rateable Value: £3,550 Residential Apartment Council Tax: Band D All Interested Parties Should Make Their Own Enquiries With The Local Rating Authority In Order To Verify Their Rates Liability. Services: It Is Understood That The Property Is Connected To Mains Water, Electricity, Gas And Drainage. We Have Not Tested Any Of The Services And All Interested Parties Should Rely Upon Their Own Enquiries With The Relevant Utility Companies In Connection With The Availability And Capacity Of All Those Serving The Property Including It And Telecommunications. Local Authority: East Suffolk Council East Suffolk House Riduna Park Station Road Melton Woodbridge Suffolk, Ip12 1rt Tel: 01394 383789 Energy Performance Certificates [epc]: Commercial (units 1 - 4): D (76) Rating Ref 2190-3545-2090-6103-7995 Residential Unit: To Be Confirmed. Terms: Offers Are Invited In The Region Of £525,000 For The Freehold Interest, Subject To The Existing Tenancies. Vat Position To Be Confirmed. Legal Costs: Each Party Is To Be Responsible For Their Own Legal Costs.

About the Agent

Investment Unit

£525,000 Freehold

1 Thoroughfare, Halesworth, IP19 8AH
Investment - Available
4,259 sq ft
396 sqm
Show phone number

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