30, 30a and 30b Orwell Road, Felixstowe, Suffolk IP11 7DB
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- 1,000 sq/ft licenced cafe/bar
- Fully refurbished one bed first floor flat
- Tenanted second floor studio flat
- Potential income of £35,000 to £40,000 per annum
- Unique freehold investment opportunity
- Guide Price: £300,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 26th March 2025
Description
SOLD PRIOR TO THE AUCTION
A unique opportunity to acquire a fully licensed cafe/bar with 2 flats above
Situated in the heart of this Suffolk Coast town is this freehold licenced bar with two independently accessed flats above.
The cafe/bar premises extends to approximately 1,000 sq/ft (93.6 sq/m) with space for around 40 covers, planning has also been approved for pavement tables and is just awaiting Highways approval.
The first floor flat is newly refurbished and ready for immediate occupation, it has been let as an Airbnb on a part time basis over the last 18 months generating £20,000 of income which could easily be enhanced further or tenanted on a standard AST for a fixed term. The second floor studio flat is currently let on a periodic AST to a long-standing tenant at a current rent of £707 per calendar month (£8,484 per annum) increasing to £770 per calendar month (£9,240 per annum) in May 2025.
It is considered the premises as a whole could generate a rental income of £40,000+ per annum giving well over 10% annual yield making this an unmissable investment opportunity.
Council Tax Bands A, A
Tenure: Freehold
EPC Rating: B, C, D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1140 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.
30, 30a and 30b Orwell Road, Felixstowe, Suffolk IP11 7DB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Felixstowe Station0.4 miles
- Trimley Station1.7 miles
- Harwich Town Station3.0 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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