Newmarket Street, Beccles

Attractive 3 storey Grade 2 listed commercial premises. Investment opportunity, existing business not affected.

Location - Beccles today is a thriving market town steeped in history with an active community spirit. The picturesque town is situated in the heart of the Waveney Valley with a large and diverse range of shops amongst the narrow streets and fine Georgian buildings. Although a bustling town, Beccles keeps its ‘olde worlde’ charm with its small, unique shops and important frontage onto the River Waveney at the lower reaches of the Norfolk Broads Waterway System.

•Lowestoft 10 miles
•Norwich 18 miles
•Southwold 13 miles

Description - New Market is often considered the most prominent shopping street in Beccles.

The property is an attractive 3 storey Grade 2 listed commercial premises. There is a flying freehold with the adjacent property.

The accommodation comprises:

Ground Floor: Front shop, middle shop, rear shop, stairs up.

First Floor: Front and rear room with middle staff room, kitchen and separate WC.

Second Floor: Winding staircase to storage room and loft void.

Outside: There is a small concreted yard to the rear of the premises with an additional storage outbuilding. No car parking.

Accomodation - Ground Floor Shop 64.7 sq m, 696 sq ft.
First Floor 51.1 sq m 550 sq ft
Second Floor 14.8 sq m 159 sq ft
Total 130.6 sq m 1405 sq ft

Services - Mains electricity, gas, water and drainage connected. (Durrants have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order)

Possession And Covenants - The property is currently let to the The Big C Appeal Ltd who initial tenancy commenced in 2008. Their Tenancy is within the Landlord & Tenant Act 1954 Sections 24-28.

Our understanding of the lease position is that the 2008 lease was initially granted for 10 years and was renewed on the 13th May 2018 for a further 10 years. The lease is a fully repairing and insuring (FRI) lease subject to schedule of condition. Passing rent £12,000, a rent review was due on the 13th May 2021 which has not yet been exercised. The break clause of 12th May 2021 was not exercised.

Full details of the lease are available upon request.

The property is held on No. Land Registry title SK399804.

Directions - From our Beccles office the property can be found directly opposite.

Viewing - Strictly by arrangement with the agents Commercial Office. Online viewing is available on request – please request the link or visit Rightmove.

Local Authority - East Suffolk Council, Riverside, 4 Canning Road, Lowestoft, Suffolk, NR33 0EQ
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Planning - Our Building Consultancy Team will be happy to provide advice to prospective purchasers on planning applications, architectural design, building regulations and project management. Please contact the team directly on .

Contact Us - Durrants Commercial
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