38 Market Hill, Sudbury CO10 2EN

LOCATION
Sudbury is an attractive market town in South Suffolk with a population of 29,912 (2021 Census), while also servicing a much wider catchment area. Colchester is located 15 miles to the south east via the B1508 Bures / Cornard Road, Braintree 15 miles south west via the A131 Halstead / Sudbury Road, Bury St Edmunds 18 miles north via the A134 and Ipswich 21 miles east via the A1071. London is located 60 miles to the south east via the A120, M11 and Stansted Airport.

The town is served by a rail service on the Gainsborough line to Marks Tey station, which in turn provides onward connections to London Liverpool Street with journey times of approximately 77 minutes.

The property is situated in the town centre along Market Hill, junction with Station Road, less than 100 yards from King Street and the centre / prime retail parade of Sudbury, whereby a range of occupiers include Gainsborough´s House (popular tourist destination), Lloyds Bank, Boots Pharmacy, boutique shops, cafes, restaurants, a handful of local estate agencies, Sudbury Arts Centre and St Peter´s Church to name a few. Friars Meadow Car Park (formerly Station Road Car Park) and Kingfisher Leisure Centre is located less than 0.2 miles to the west, providing parking for up to £2.50 per day.

DESCRIPTION
The property comprises an end of terrace, three storey, Grade II listed building, fronting Market Hill, with return front along Station Road. The ground floor comprises a retail shop, with four one bedroom flats above, two located from Market Hill and two located from Station Road. The property is constructed of brick and timber frame, with render elevations along Market Hill and brick elevations along Station Road, under part pitched tiled roof, and part flat roof over the ground floor. The shop, accessed via Market Hill benefits from a timber glazed return frontage.

The first floor benefits from timber sash windows with secondary glazing and the second floor benefitting from timber sash dormer windows. Internally the retail area is predominantly open plan in layout with a store, office and changing rooms to the rear, extending to approximately 1,690 sq. ft. NIA. The shop is finished with a concrete floor, plastered elevations and ceiling, with track lighting and heating and cooling via AC units.

The shop also has the benefit of a basement extending to approximately 885 sq. ft., which is dry and currently used for storage of stock.
Flats 38A and 38B Market Hill are accessed via a Market Hill to an internal staircase and communal hall. 1A and 1B Station Road are accessed via a front door and internal staircase from Station Road. Each flat is described as follows :
38A Market Hill is located on the first floor comprising a kitchen / living room, bedroom and shower over bath.
38B Market Hill is located on second floor, comprising a small kitchen, living room, bedroom and ensuite shower room.
1A and 1B Station Road are both on first floor, with 1A comprising a living room, kitchen, bedroom and shower,
with 1B comprising a kitchen / living area, bedroom and bathroom.
The post code for 1A and 1B Station Road is CO10 2SP
The ground floor shop and each flat all benefit from their own electricity supply. The flats benefit from electric heating.

ACCOMMODATION
The ground floor is let to Javelin Retail Limited for a term of 10 years from 6th September 2023 (approx. 8 years unexpired), by way of a full repairing and insuring lease, subject to a photographic schedule of condition, at a passing rent of £30,000 per annum exclusive. There is an index linked rent review on the 5th anniversary of the lease term (6th September 2028). A copy of the lease and Javelin Retail Ltd´s accounts (year end 31/03/25) are available upon request.
The four flats are let individually by way of a assured short hold tenancy.

TERMS
We are instructed to seek offers in the region of £750,000 subject to contract. The property is to be sold Freehold, subject to the Tenancies detailed within the Tenancy schedule.

OUTGOINGS
The business Rates / Council Tax Bands are detailed within the attached marketing particulars. The local authority is Babergh District Council.

VAT
The property is not elected for VAT.

LEGAL COSTS
Each party is to be responsible for their own legal fees in relation to any transaction.

OTHER
Anti-Money Laundering Regulations require Nicholas Percival to formally verify purchasers identity, residence and source of funds prior to instructing solicitors.

VIEWING
Strictly by prior appointment with the sole agents, Birchall Steel Estate Agents & Chartered Surveyors, a division of Nicholas Percival.