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2 bedroom retail property (high street) for sale

17 Market Place, Bungay, Suffolk, NR35

Sold STC £170,000
800 sq. ft.

Property Description

Commercial information

  • 800 sq ft (74 sq m)
  • Use class orders: A1 Shops

Key features

  • Well let investment at low rent
  • Central location
  • separate 2 bed flat on AST
  • Redevelopment potential

Full description

Tenure: Freehold

2-4 Cross Street is situated in the centre of the historic and bustling market town of Bungay with a population of about 4,000, located on the Norfolk/Suffolk border. Best know for its Castle ruins, the town sits within a loop of the River Waveney in The Broads National Park. The town has a large catchment area and addition influx of seasonal tourists. Bungay is located just off the A143, which links Bury St Edmunds to Lowestoft and Great Yarmouth, 16 miles to the South of Norwich and 38 miles to the North of Ipswich.

The Property is located in a highly visible and central position on the Market Place, opposite the Butter Market. This attractive period building is arranged over 3 floors and has a rendered façade. The retail element is let to Emmaus Charity where they occupy the ground floor. The residential element is let to an AST.

The vendor is seeking £170,000 for their freehold interest .

The retail lease is let to Emmaus Charity who pay £6,000 pa. The residential flat above is let on an AST for £550pcm (£6,600pa)

The Energy Performance Certificate is not required as the property is Grade II Listed.

Both parties are to pay their own legal costs incurred in this transaction.

Shop Area 13' 11" x 12' 6" ( 4.24m x 3.81m )
Window to the front aspect and Front Door.

Entrance Porch/ Utility Room
Front Door, window to the front aspect, butler sink, plumbing for washing machine and stairs to first floor.

Window to the front aspect, WC, wash hand basin, tiled surrounds and bath with shower over.

Lounge 13' 9" x 13' 2" ( 4.19m x 4.01m )
Two sash windows to the rear aspect.

Kitchen 13' 3" x 8' 1" ( 4.04m x 2.46m )
Window to the side aspect, fitted kitchen with a range of wall & base units, work surfaces with inset stainless steel 1 bowl sink & drainer, tiled surrounds and electric heater.

Bedroom One 13' 4" x 10' 9" ( 4.06m x 3.28m )
Built in wardrobes and panel heaters.

Bedroom Two 13' 11" x 10' 3" ( 4.24m x 3.12m )
Panel heater and door to bedroom one.

Bedroom Three 10' 7" x 8' 2" ( 3.23m x 2.49m )
(Limited head room)

More information from this agent

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