High Street, Southwold, Suffolk, IP18
£483.35 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
931 sq ft
86 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, B1 Business and C3 Dwelling Houses
A1, B1, C3
Key features
- Freehold retail
- Flat sold on 125 year lease
- Central lovation
- Large rear garden with potential
- Undeveloped garage/kiosk to side
- Huge potential to expand income
- Garage to right side included in sale
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 on the High Street, at the start of the retail stretch, directly opposite Fatface and the Adnams Cellar & Kitchen. The freehold is available, including ground floor and basement. (flat above has been sold on a 125 year lease).
The ground floor is principally operated as a retail unit which would suit a number of alternative uses (STPP). The existing layout could be expanded to the rear, side and potentially into the outside courtyard (permission was granted in 2016 East Suffolk Council DC/16/0813/FUL).
ACCOMMODATION
The property has the following approximate internal retail dimensions :
Zone A 31.12sqm (334sqft)
Zone B 12.19sqm (131sqft)
Office 15.00sqm (161sqft)
Cellar 28.37sqm (305sqft)
RATES
The property has a 2023 Rateable Value of £17,000
LEGAL COSTS
Each party to bear their own legal costs.
PRICE
The vendor is seeking offers in excess of £900,000 for the freehold interest to include the 3 bed flat. Without the residential flat the freehold price would be £450,000.
High Street, Southwold, Suffolk, IP18
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brampton Station7.3 miles
Notes
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