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High Street, Southwold, Suffolk, IP18

£450,000

Size

931

Tenure

Freehold

EPC

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Parking

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Primary use
High street retail
Frontage
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Floorplan
1

Key features

  • Freehold retail
  • Flat sold on 125 year lease
  • Central lovation
  • Large rear garden with potential
  • Undeveloped garage/kiosk to side
  • Huge potential to expand income
  • Garage to right side included in sale

Description

LOCATION
Southwold is an extremely popular North Suffolk coastal town approximately 36 miles North East of Ipswich, 30 miles South East of Norwich and 4 miles from the A12 trunk road which links Great Yarmouth and London.
Home to brewery, pubs and hotels group Adnams plc Southwold boasts a thriving community which benefits from a substantial tourist influx throughout the year.

DESCRIPTION
The building is located on the High Street, at the start of the retail stretch, directly opposite Fatface and the Adnams Cellar & Kitchen. The freehold is available, including ground floor and basement. (flat above has been sold on a 125 year lease).
The ground floor is principally operated as a retail unit which would suit a number of alternative uses (STPP). The existing layout could be expanded to the rear, side and potentially into the outside courtyard (permission was granted in 2016 East Suffolk Council DC/16/0813/FUL).

ACCOMMODATION
The property has the following approximate internal retail dimensions :
Zone A 31.12sqm (334sqft)
Zone B 12.19sqm (131sqft)
Office 15.00sqm (161sqft)
Cellar 28.37sqm (305sqft)


RATES
The property has a 2023 Rateable Value of £17,000

LEGAL COSTS
Each party to bear their own legal costs.

PRICE
The vendor is seeking offers in excess of £900,000 for the freehold interest to include the 3 bed flat. Without the residential flat the freehold price would be £450,000.
Additional information
Service charge
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Business rates
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Use class
E, C3
Listed building
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Floors in building
4
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

High Street, Southwold, Suffolk, IP18

NEAREST STATIONS

National Rail

Brampton Station

7.32 miles

About Fennel Chartered Surveyors, Halesworth

Fennel Chartered Surveyors, Halesworth

Fennel has been operating as an independent niche practice for over 15 years giving professional advice on investment and development opportunities, throughout Europe, the UK and East Anglia.

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Disclaimer - Property reference spunyarnssale. 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 Fennel Chartered Surveyors, Halesworth. 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.