Market Place, Saxmundham, Suffolk, IP17
£279.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
394 sq ft
37 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services and A3 Restaurants and Cafes
A1, A2, A3
Key features
- Central location
- Lockup shop
- Income producing investment, rent £8,500pa
Description
Saxmundham is a vibrant and expanding market town with a population of almost 5,000 residents, with considerable passing trade. The town has a Coop, Waitrose, Tesco and many attractive independent shops.
There is a Wednesday market and a railway station which provides connecting services to London Liverpool Street station, Norwich, Cambridge and Lowestoft. Attractions in this part of Suffolk include the world famous Snape Maltings Concert Hall which is the home to the Aldeburgh Festival and the attractions of the seaside towns of Aldeburgh and Southwold.
20 Market Place is in the centre of the High Street in Saxmundham, which is approx. 1½ miles off the A12 trunk road and is signposted via the B1121.
DESCRIPTION
Located in the heart of the town, the property is an incoming producing asset with a rent of £8,500pa for a 3 year term from 1st March 2024.
The shop has a large glazed window leading to a main retail area of 25.8sqm and a cellar of 7.8sqm with access directly onto the Market Place with public parking to the rear.
Zone A 25.8sqm (278sqft)
Zone B 3.0sqm ( 32sqft)
Basement 7.8sqm ( 84sqft)
TOTAL 36.6sqm (394sqft)
****** Viewing by appointment only ******
FIRE RISK ASSESSMENT
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alteration notice has been served.
SERVICES
Mains water, electricity, gas and drainage are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Selling Agents.
LOCAL AUTHORITY
East Suffolk District Council, Marina, Lowestoft, NR32 1HH Tel
Rateable Value - £4,700
EPC
EPC Energy Performance Certificate has been applied for.
PRICE
Offers are invited in the region of £110,000 for the freehold interest of this income producing investment, with the tenant paying a rent of £8,500pa for a 3 year term from 1st March 2024.
LEGAL COSTS
Both parties are to pay their own legal costs incurred in this transaction.
Market Place, Saxmundham, Suffolk, IP17
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Saxmundham Station0.1 miles
- Darsham Station4.2 miles
- Wickham Market Station6.0 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
Disclaimer - Property reference 20MPSAX. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fennel Chartered Surveyors, Halesworth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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