The development was completed in 2021 comprising a total of 54 houses and apartments together with business units.
All the residential properties benefit from gas fired central heating and are completed to a good standard.
18 Apartments, 6 House and 9 Business Units Totalling 27,494 Sq Ft
• 12 One bed apartments let on periodic tenancies
• 2 One bed apartments (affordable units) let on periodic tenancies
• 4 Two bed duplex apartments let on periodic tenancies
• 6 Three bed town houses (affordable units) let on periodic tenancies
• 9 Business units ( 7 vacant and 2 let ).
Total Current Rent Passing
• Residential £300,240
• Commercial £14,000
• Total: £314,240
Estimated Rental Values Once Fully Occupied
• Residential £304,500
• Commercial £62,360
• Total: £366,860
Gross External Area
• Residential 22,244 Sqft
• Commercial 5,250 Sqft
• Total Gross External Area: 27,494 Sqft
Location
Melton is a village having a population of circa 3,800 situated on the west side of the River Deben, approximately a mile north east of Woobridge benefiting from a railway station.
The popular market town of Woodbridge offers excellent shopping and amenity facilities and is located on the edge of an area of outstanding natural beauty lying along the River Deben.
Guide Price
£4,765,000 ( Overall £173 psf )
Data Room
The full information pack is available via the data room, access to which is available upon request.
Planning - DC/17/1884/FUL
As per clause 17 of the planning consent, the business units shall be used for Use Class B1a (Offices) only.
The affordable housing units are let at an affordable rent (no more than 80% of the market rent including Service Charge). Properties will be allocated to people with local connections with Suffolk Coastal District.
A copy of the full planning consent is available within the data room.
LOT 1 - 1 & 2 The Brooks and 1 & 3 Deben Meadows
A detached two storey building arranged as two fully fitted business units (currently vacant) on the ground floor with two one bedroom apartments at first floor with the benefit of a small private garden.
LOT 2 - 1 - 8 Willowbank
Description
A detached four storey building arranged as two business units on the ground floor (shell) with six one bedroom apartments benefiting from a lift.
LOT 3 - 1 - 4 Deben Place
Description
A detached two storey building arranged as two one bedroom apartments (affordable units) with two business units one on ground floor and the other ground, first & second floors.
Lot 4 - 7 - 18 Deben Place
A detached four storey building arranged as four business units on the ground floor fully fitted. Four one bedroom apartments at first floor and a further four two bedroom duplex apartments with balconies at third and fourth floors.
LOT 5 - 19 - 21 Deben Place
Three town houses, each comprising three bedrooms, two bathrooms, kitchen/dining room, utility room, living room, study and wc. Single garage & one car parking space each. Affordable housing units let at 80% of market rent.
Lot 6 - 9 - 11 Willowbank
Three town houses each comprising three bedrooms, two bathrooms, kitchen/dining room, utility room, living room, study and wc. Single garage and one car parking space. All houses are affordable housing units let at 80% of market rent.
Viewing
Strictly by prior appointment with the sole agents, Nicholas Percival.
Agents notes
All floor areas have been provided by the Vendors Architect and are based on a Gross External Area basis.
C5481
