*Guide | £230,000 - £250,000 (plus fees)
- Mixed Use
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01473 558 888 for more information
A prime mixed use investment with a strong yield
Situated in the heart of this prosperous market town just off the A14 is this mixed use investment opportunity comprising a popular 52 cover restaurant and a 2 storey, 3 bedroom flat above with independent access. The property has been let on a 20 year lease from May 2019 at a current rent of £25,000 per annum which represents a healthy 10.9% return based on the low end of the Guide Price. We see this as a solid opportunity for the discerning investor.
Tenure
Freehold
Viewing
Strictly by appointment with Auction House. Tel: 01473 558888
Current Rateable Value
Current Rateable Value (from 1 April 2023 to present) £21,000
EPC
108A - D 109 - C
Council Tax Band
Flat - B
Energy Efficiency Rating (EPC)
Current Rating C & D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
West Suffolk Council
Solicitors
Peter Colby Commercials Ltd, Ref: Sarah Garlish, Tel: 01603253313
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
