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Leiston

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

2

SIZE

689 sq ft

64 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Ground floor freehold retail unit with flat above
  • Great yield of approx 7.5%
  • Kitchen / Living / Dining Area
  • 1 Large Double Bedroom
  • Bathroom & shower
  • Office / Shop, Kitchen and Cloakroom
  • New Gas central heating in flat -Spacious kitchen with new appliances
  • Recently fitted Double Glazed windows and doors
  • On Street Parking Close By or local carpark
  • Great for investors to live in flat or rent the whole property

Description

PRICE £169,000 Freehold property with a great yield of 7.5% approx.
Flat currently rented for £600 PCM, Retail Unit rented for £5,400 PA Total together £12,600
The retail unit is on the Ground Floor and 1 bedroom flat on the first floor which is positioned on the High Street.
Contracted tenants in the flat and shop/premises below with established occupants. The Flat has been freshly decorated and new carpets throughout plus New gas central heating to the flat.
The flat comprises of lovely bright open plan kitchen with new appliances, living, dining area overlooking the high street, a large double bedroom and bathroom/shower. Recently fitted Double glazed windows and doors. This versatile building gives the option of Living above with a business below or you can use the retail unit and rent out the flat. The possibilities are endless. Call today to arrange a viewing

GUIDE PRICE: £169,000 Freehold property with a great yield of 7.5% approx


The total approx. floor area of the First Floor Flat is 473.6 sq.ft. The total approx. floor area of the Retail Unit is approx. 215.27 sq.ft. Total area of both is 688.87 sq.ft.

Entrance Door off of the High Street leads to the Retail Unit currently in a lease by Markham Funeral Services

Office: 15`1" x 12`6". Window to front aspect, area divided into 2 connecting rooms, door to:

Kitchen: 6` x 3`10". Double base unit with sink and drainer and worktop.. Staircase to First Floor landing, locked door



Cloakroom: Low flush w.c, and wash hand basin.

Access to the Flat is from the rear of the Building and a flight of external steps leads up to:

Entrance Door: Landing: Doors leading through to

Kitchen / Living / Dining Room. Living Room Area: 14`10" x 11`11". Windows to front aspect. Kitchen area 7`7" x 6`3". Fitted with a matching range of wall and base units providing storage, work surface above incorporating stainless steel sink and drainer unit, tiled splashbacks, space for freestanding electric oven. Space for fridge and plumbing for dishwasher, vinyl flooring to kitchen area and carpet to living area.

Bathroom: Fitted with a panel enclosed bath, low flush wc., and pestal wash hand basin with chrome fittings.

Bedroom: 12`8" x 12`6". Window to front aspect.

AGENTS NOTE: There may be an opportunity to convert the ground floor into residential accommodation subject to the usual change of use consents being obtained. Interested purchasers are also advised to note that there are flying freeholds.

NB. Please note that these particulars are in a draft format and yet to be verified by the Seller and therefore may be subject to change.
NB. This property belongs to a Director of Druce Estate Agents Limited.

 
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Leiston

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About Druce Estate & Letting Agents Ltd, Leiston

3 High Street Leiston IP16 4EL
Industry affiliations:

Druce Estate & Letting Agents Ltd is a vibrant, independent family owned business, which was opened in April 2011 by Linda & Oliver Druce. Linda originally started another estate agents in Leiston in 2004 and was joined by her son Oliver in 2007 who subsequently opened an estate agents in Saxmundham. They have nearly 40 years of property experience between them, in both Suffolk and in Canada. Linda was a Licensed Realtor in Vancouver for 15 years and thereupon has a wealth of experience in customer service, selling all types of properties, Linda also specialises in 'Open Houses' plus giving sound advice to her customers regarding property matters for whatever circumstances life presents.

Their companies forte is, their personal, professional, down to earth service and 7 day a week commitment to their customers to get the job done. Linda & her son Oliver Druce offer a start to finish service whether you are buying, selling or renting a property. This entails valuing property, personally accompanying all the viewings, negotiating/managing and working closely with solicitors/financial institutions and surveyors to enable a smooth timely transaction. Katie & Chloé who head up the administration are the friendly, knowledgeable, helpful people at the end of the phone who welcome your enquires. Together, they strive to give all their customers an outstanding service.

Their business has grown rapidly since opening in April 2011, especially since they added a lettings service in December 2011.. Investors are on the increase for "Buy to Let" properties, both locally and contractors associated with Sizewell Nuclear Power Station. With their fresh approach their agency offers a special 'Fast track' service which often results in tenants taking occupancy within days of completion, of their purchase. They also ensure that homes are carefully matched to suit their landlords/tenants requirements.

We're on the lookout for properties like yours throughout the Heritage coast and villages, to sell and rent to highly motivated and good quality applicants. The current market is vibrant in our area with strong demand. Couple this with our ongoing success over the years and proven track record, means we're in a great position to help you find your perfectly matched purchaser or tenant. Call or pop into our welcoming offices to arrange your free Sales or Lettings Valuation with Linda or Oliver, who will be happy to have a friendly chat and guide you through the process step by step, over a cup of coffee.

Druce Estate Agents staff

Linda- Director

Oliver- Director

Katie- Sales Administrator

Chloé

- Lettings Administrator 

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£787
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 102672000818. 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 Druce Estate & Letting Agents Ltd, Leiston. 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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