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Retail Property (high street) for sale

East Street, Southwold, Suffolk, IP18

Sold STC £60,000
966 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 966 sq ft (89 sq m)
  • Use class orders: A1 Shops

Key features

  • Established business
  • Deli and cheese shop
  • Highly profitable
  • Growth potential

Full description

Tenure: Leasehold

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.

This delightful, well established business is highly visual and prominently located on the corner of East Street, Pinkney's Lane and Trinity Street, close to the Adnams brewery and directly opposite The Lord Nelson pub.
East Street is the main route from the Market Place leading down to the beach, and Nutters is the last shop on this street.

The property is arranged over the ground floor and 1st floor, comprising of the following areas:

Retail Zone A 45.50sqm (490sqft)
Internal store 4.40sqm (47.4sqft)
1st floor 39.9sqm (429sqft)

The property has a rateable value of 8,300. Waveney District Council, Marina Centre, Lowestoft, NR32 1HH Tel: 01502 562111

The delicatessen and retail business is for sale for offers in excess of 60,000. This price excludes all fixtures, fittings and stock. A new lease will be granted for a 10 year term at a rent of 25,000 per annum.

Nutters is a landmark business with a sea view, in the popular holiday destination of Southwold. There is tremendous scope to further develop this viable and prosperous business including developing a website for on-line sales and increasing the social media presence of the shop. The vendor has owned the business for over 28 years and there has been a strong customer base of both local and holiday makers throughout the year. Currently the core business could readily be expanded upon, offering outside catering and there is the opportunity to add further lines to generate increased sales and further profitability.


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