48-50 High Street, Needham Market, Ipswich, Suffolk, IP6 8AP
- PROPERTY TYPE
Commercial Property
- BEDROOMS
4
- BATHROOMS
4
- SIZE
Ask agent
Description
Lot Number 8
48-50 High Street
Needham Market
Ipswich
Suffolk
IP68AP
Guide Price:
£250,000 - £275,000
A rare mixed-use investment and redevelopment opportunity in a prominent High Street position. Part Grade II Listed, the property comprises a well-proportioned 1,400 sq ft retail unit, a self-contained three-bedroom duplex apartment, a two-storey store with conversion potential, and an impressive vaulted first-floor hall. Beneath the hall, with its own entrance, is 1 The Courtyard, a well-presented one-bedroom flat. The property also benefits from rear yard space and parking. To be sold with full vacant possession, the site offers clear options to refurbish, reconfigure or comprehensively redevelop (STP), with an indicative scheme for two shop units and up to five one-bedroom flats. Based on local rental values, the completed development could produce a gross income in the region of £60,000 pa.
Tenure: Freehold
EPC: B
PROMINENT HIGH STREET
MIXED-USE FREEHOLD
PART GRADE II LISTED
1,400 SQ FT RETAIL
3 BED DUPLEX + 1 BED
STORE & VAULTED HALL
REDEV TO 2 SHOPS + 5 FLATS
£60,000 PA POTENTIAL YIELD
Open viewings have been arranged for:
By appointment with the Auctioneers
Vendors Solicitors
Mr Robert Jackson
Gudgeons Prentice Solicitors
Buttermarket
Stowmarket
IP14 1ED
How is this property being sold?
This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.
Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.
We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.
Brochures
Full CatalogueViewing TimesLegal Documents48-50 High Street, Needham Market, Ipswich, Suffolk, IP6 8AP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Needham Market Station0.1 miles
- Stowmarket Station3.3 miles
Notes
Disclaimer - Property reference 318003. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Goldings, Ipswich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Goldings, Ipswich on 01473 210200.
*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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