15 New Market, Beccles, Suffolk, NR34

LOCATION
The property is in the centre of Beccles, an affluent and thriving market town and popular boating centre situated in North Suffolk approximately 18 miles south-east of Norwich and 9 miles west of Lowestoft. The town has an immediate population of approximately 11,000 with a large catchment area. CACI and Acorn have produced a report based on a 16 minute drive time which demonstrates a catchment of 37,604 of which 30,618 are either "wealthy achievers" or "comfortably off". Beccles' retail influence extends to West Lowestoft, Bungay and Halesworth. The latter two do not have a major supermarket, whilst Beccles has Morrisons and a Tesco. There is also an outdoor market held every Friday.

DESCRIPTION
The shop is in one of the most central parts of Beccles, situated between the national retailers of Coral and Greggs, and close to QD, WH Smiths and the Coop.
The unit has a large glazed frontage with access from the front leading directly into 2 independent retailers. Both with kitchen and toilet facilities to the rear. There is also access and parking to the rear of the shop. The upper parts are arranged over 2 floor and could either be used for a commercial tenant or residential (STPP), separate access would have to be facilitated from the rear.

NOTE: The property is Grade II Listed.

ACCOMMODATION

Unit 15a Ground and part 1st floor -Lease from September 2021 for 5 years at a rent of £10,000pa, let to Fred Olsen Travel Limited. (renewal discussions at a rent of £15,000pa)

Unit 15b Ground floor -Lease from September 2020 for 10 years (5yrly RR) at a rent of £16,000pa, let to Sweeties confectionary shop.


PRICE
The Vendor is seeking £450,000 for their freehold interest.

SERVICES
The mains water, electricity and drainage are available. Toilet facilities and kitchen facilities are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Sales Agent.

EPC
Energy Performance Certificate details:
Unit 15a-Band D (78)
Unit 15b-Band D (76)

RATEABLE VALUE
The Rateable Value of the property is:
Unit 15a-£9,200
Unit 15b- £12,000
Both units qualify for 100% Small Business Rates Relief.