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Hamilton Road, Felixstowe

Offers in Excess of
£385,000
Reduced on 17/02/2021
Leaders Sales, Felixstowe
PROPERTY TYPE
Terraced
BEDROOMS
x3
BATHROOMS
x1

Key features

  • Mixed retail/ residential investment
  • Currently producing £26,950 per annum
  • Fully let
  • Town central position
  • Large rear car parking area
  • A large self-contained flat
  • A retail unit split into two
  • A further retail unit

Property description

Tenure: Freehold



FREEHOLD INVESTMENT SALE ONLY (Business not affected)

Fully let and currently producing £26,940 per annum

A mixed retail/ residential investment property briefly consisting of a retail unit which has recently been split into two and let to a single occupier. A further retail unit, a good size self-contained three bedroom flat and a large rear parking area. The property overlooks Hamilton Road central triangle close to Crescent Road public car park.

Location

Felixstowe is a popular coastal town in Suffolk with a residential population of circa. 30,000 people. Whilst Felixstowe is known as a seaside tourist destination and houses the largest container port in the UK,Felixstowe is also now regarded as a well established commercial centre all year round. 111-113 Hamilton Road is located within the heart of Hamilton Road overlooking the Triangle which has occupiers such as Poundland, Betfred, Tesco’s, Specsavers and The Palace Cinema Bingo Hall.

Accommodation

(Please note all areas and dimensions are approximate)

Description

The property comprise a mid-terrace 2 storey retail and residential property of solid brick elevation under a pitched tiled roof. 111 Hamilton Road has been let to a single occupier who has recently split the shops into 2 smaller units with communal one rear WC. 111a is large 3 bedroom flat with lounge, kitchen, bathroom and self-contained access off Hamilton Road. 113 Hamilton Road comprises an A2 estate agency with rear storage and kitchenette/WC. To the rear of the properties and accessed off Penfold Road is a large rear area for parking.

111 Hamilton Road

Unit 1 The Vape Emporium Sales area 15.3 sq. m 165 sq. ft. Rear sales area/storage 12.27 sq. m 132 sq. ft. Total area 27.6 sq. m 297 sq. ft. Unit 2 –currently vacant Sales area 9.87 sq. m 106 sq. ft. Rear sales area 2.35 sq. m 25 sq. ft. Kitchen 3.0 sq. m 33 sq. ft. Rear lobby 1.78 sq. m 19 sq. ft. Total area 17.0 sq. m 183 sq. ft. Servicing the above two shops is a shared WC with lobby and 3 designated car spaces.

111 A Hamilton Road

Kitchen fitted with low Level cupboards 9.00 sq. m 97 sq. ft. Front bedroom 1 16.0 sq. m 172 sq. ft. Rear bedroom 2 14.6 sq. m 157 sq. ft. Lounge 22.0 sq. m 237 sq. ft. Bathroom with shower bath and WC 5.0 sq. m 54 sq. ft. Bedroom 3 9.4 sq. m 101 sq. ft. Total Flat area 76.0 sq. m 818 sq. f

113 Hamilton Road

Viking Estate Agency Sales area 33.2 sq. m 357 sq. ft. Rear kitchen/amenity area 9.34 sq. m 100 sq. ft. Total area 42.54 sq. m 457 sq. ft. Outside to the rear of the property are circa. 4 car spaces

Tenancies

Available upon request

VAT

Vat is not applicable to this property

Services

We understand mains electricity, gas and water are connected to the property, however we do recommend all interested parties check with the relevant statutory authorities.

Price

Offers in region of £385,000 sought for the freehold interest of this investment which reflects a yield of 6.99%.

Agents Note

In accordance with Section 21 of The Estate Agency Act of 1979, we must declare to all perspective buyers that a member of Leaders staff has a personal interest in this property

Disclaimer

These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Energy Performance Certificates

EPC Rating Graph

Hamilton Road, Felixstowe

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Felixstowe Station0.2 miles
  • Trimley Station1.6 miles
  • Harwich Town Station3.1 miles
Mortgages
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Market information
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About the agent

Leaders Sales, Felixstowe

94 Hamilton Road, Felixstowe, IP11 7AF

Leaders Sales, Felixstowe
Welcome to Leaders Felixstowe

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Disclaimer - Property reference FEL200225. 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 Leaders Sales, Felixstowe. 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.

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