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4 bedroom commercial property for sale

Hamilton Road from Nicholas Estates for Felixstowe

Guide Price £400,000

Property Description

Key features

  • Mixed Commercial & Residential Investment
  • Prime High Street Location
  • 2 Retail Units
  • Large Residential Maisonette

Full description

Tenure: Freehold

Mixed Commercial & Residential Investment in prime High Street location

The property is located at the southern end of the prime multiple section of Hamilton Road, Felixstowe’s main shopping thoroughfare. Nearby retailers include: Greggs, New Look, Peacocks and Marks & Spencer.

Felixstowe is a coastal resort town in Suffolk, with a population of approximately 30,000 and is also the UK’s largest container port, served by the A14 dual carriageway and branch railway connection directly to the County Town of Ipswich, 14 miles away


LOCATION
The property is located at the southern end of the prime multiple section of Hamilton Road, Felixstowe’s main shopping thoroughfare. Nearby retailers include: Greggs, New Look, Peacocks and Marks & Spencer.

Felixstowe is a coastal resort town in Suffolk, with a population of approximately 30,000 and is also the UK’s largest container port, served by the A14 dual carriageway and branch railway connection directly to the County Town of Ipswich, 14 miles away


DESCRIPTION
A substantial 3-4 storey building, built circa 1900 of traditional brick and tile construction, converted to provide one retail unit, with spacious living accommodation above, and one lock-up retail unit, both shops being served by cellars.


SUMMARY OF ACCOMMODATION
28 Hamilton Road – Shop
Ground Floor retail unit with sales area of 381sq.ft / 35.4sq.m plus cellar of 292sq.ft / 27.15sq.m. EPC Band ‘F’

30-32 Hamilton Road – Shop & Flat
Ground floor retail unit with sales area of 440sq.ft / 40.9sq.m, plus cellar of 400sq.ft / 37.2sq.m. EPC Band ‘F’

Access to the residential accommodation is via internal stairs at the rear of the shop, which leads to a large 4-5 bedroom maisonette with a gross floor area of approximately 1380sq.ft / 12.8sq.m.


TENANCIES
28 Hamilton Road - Let to Chick-a-Dee under a 5 year lease from November 2014 at a rent of £10,000 per annum, rising to £12,000 per annum in year 3. Internal repairing terms. Tenant’s break option at end of year 3.

30-32 Hamilton Road - Let to Curve Boutique on a 10 year lease from November 2013, at a rent of £16,000 per annum with rent review at end of year 5. Internal repairing terms. Tenants break option at end of year 5.


RATEABLE VALUE/COUNCIL TAX
28 Hamilton Road Shop £11,000
30-32 Hamilton Road Shop £17,250
Flat Band ‘A’


TERMS
The Freehold is offered for sale, subject to existing tenancies, Guide price £400,000, VAT not applicable.



Map & Street View

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