84-86 High Street, Southwold, Suffolk, IP18
£734.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,225 sq ft
114 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Prime retail investment
- Secure lease for 10 years from 2017
- Upper parts have PP for a flat (currently storage)
- *** PRIC REDUCED ***
Description
Southwold is an extremely popular North Suffolk coastal town approximately 36 miles North East of Ipswich, 30 miles South East of Norwich and 4 miles from the A12 trunk road which links Great Yarmouth and London.
Home to brewery, pubs and hotels group Adnams plc Southwold boasts a thriving community which benefits from a substantial tourist influx throughout the year.
DESCRIPTION
The building is located in the prime section of the High Street Other national retailers in the town include Tiptree, White Stuff, Quba, Jack Wills, WH Smith, Tesco and Fatface, with many independent retailers and plenty of restaurants and pubs. The unit is a large attractive period property with double aspect glazed windows leading into the extensive retail sales area and storage on the 1st floor (which had planning permission for a flat).
EPC The shop is Band C (73)
TENANCY
The ground floor and upper parts are let on an effective FRI lease to Mountain Warehouse Ltd for a term of 10 years from 30th October 2017 (expiring 29th October 2027). The passing rent is £70,000pa. The space on the 1st floor has potential for separate access, and has planning permission to be used as a flat from 2017.
ACCOMMODATION
Zone A 44.88sqm 483sqft
Zone B 29.40sqm 316sqft
Zone C 20.89sqm 225sqft
1st flr store 18.64sqm 201sqft
TOTAL 113.81sqm 1,225sqft
PRICE
The vendor is seeking offer in excess of £900,000 for their freehold interest of this prime retail investment producing an income of £70,000pa.
Brochures
84-86 High Street, Southwold, Suffolk, IP18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brampton Station7.4 miles
About Fennel Chartered Surveyors, Halesworth
6 Market Place, Halesworth, IP19 8BA
Fennel has been operating as an independent niche practice for over 15 years giving professional advice on investment and development opportunities, throughout Europe, the UK and East Anglia.
Notes
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