129-133 Hamilton Road, Felixstowe, Suffolk, IP11 7AB
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- To be offered on Wednesday 14 May
- A freehold end of terrace property
- Let to Prezzo on an FRI lease for a term of 25 years from May 2013
- Town centre location forming part of the High Street
- Tenant has spent circa £800,000 on the internal fit out
- Development potential of upper parts subject to requisite consents
- Rear Access, garden and outbuildings
- Approx. 5,500 sq ft
- Investment let at £43,000 per annum (9.55% GIY on Guide)
Description
StrapLine
Auction Sale - 13/05/2025Of interest to investors and developers.
A freehold end of terrace property benefitting from rear access, garden and outbuildings.
Let to Prezzo on an FRI lease for a term of 25 years from May 2013.
Development potential of upper parts subject to requisite consents.
Approx. 5,500 sq ft.
Investment let at £43,000 per annum (9.55% GIY on Guide)
Description
A freehold end of terrace property benefitting from rear access, garden and outbuildings.
Let to Prezzo on a term of 25 years from May 2013.
Development potential of upper parts subject to requisite consents.
Town centre location forming part of the High Street
Rear Access, garden and outbuildings.
Approx. 5,500 sq ft.
Investment let at £43,000 per annum.
Location
The property is situated on the West side of Hamilton Road and forms part of a parade of retail units. The property is close to Tesco Express, Costa Coffee and Boots and other nearby occupiers include a selection of independent shops, cafes and restaurants.
Transport
Felixstowe - GreaterAnglia
Tenancy
Investment is let to Prezzo at £43,000 per annum on an FRI lease for a term of 25 years from 28/05/2013 with a break clause on 28/05/28 subject to at least 6 months prior notice.
Accommodation
Ground Floor
- Serving Area, Two Kitchens, Storage Rooms, Hallway, Toilets/WC.
First Floor
- Hallway, Two Large Rooms, Two Small Rooms, Men's and Female's Toilets and separate annexe with multiple rooms and Toilet/WC.
Second Floor
- Seven Rooms and Landing.
External
- Outdoor Garden, Rear Access
129-133 Hamilton Road, Felixstowe, Suffolk, IP11 7AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Felixstowe Station0.2 miles
- Trimley Station1.6 miles
- Harwich Town Station3.2 miles
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 Savills Auctions, London on 020 3909 6715.
*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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