Request a Valuation
For Sale: £355,000
50 & 50a High Street, Hadleigh, Suffolk, IP7
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Area
1779Sq Ft
50 High Street: Prominent high street retail premises. The specification includes retail area for sales, offices, kitchenette & W/C facilities, a basement area for storage and a small outside space to the rear. One parking space is included.
50a High Street: A spacious two bedroom flat arranged over first floor level, with kitchen, lounge and bathroom. One parking space is included.
Tenancy
50 High Street: Let to Bromley and Fitch Ltd, on a 3 year renewal lease commencing 6th January 2023, at a rent of £13,750 per annum, payable quarterly in advance.
50a High Street: Let on a 12 month Assured Shorthold Tenancy agreement, at a rent of £750 per calendar month (£9,000 per annum), expiring November 2023.
Copies of the documents are available upon request.
Accommodation
(Approximate internal measurements)
50 High Street 50 High Street 50 High Street 50 High Street
Ground Floor Approx. 649 sq ft (60.3 sq m)
Basement Approx. 429 sq ft (39.9 sq m)
Total (NIA) Approx. 1,078 sq ft (100.2 sq m)
50a High Street 50a High Street 50a High Street 50a High Street
Total (GIA) Approx. 701 sq ft (65.1 sq m)
Price
The premises are for sale freehold, subject to the tenancies listed above, at a price of £355,000, which shows a gross yield of 6.4%.
Business Rates / Council Tax
We have been informed that the rateable value for 50 High Street is £13,750.
50a High Street falls within Council Tax Band B.
We recommend all parties make their own direct enquiries with the local rating authority.
Energy Performance Certificate (EPC)
50 High Street: We have been advised that the premises fall within class C (54) of the energy performance assessment scale.
50a High Street: We have been advised that the premises fall within class E (40) of the energy performance assessment scale.
Full copies of the EPC assessments and recommendation reports are available from our office upon request.
VAT
We are advised that VAT is not applicable on the sale.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Note
Under section 21 of the Estate Agents Act 1979, an employee of Fenn Wright has a related interest in this property.
Viewing
Strictly by appointment via joint sole agents:
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk
Features
- Freehold Town Centre Mixed Use Investment Opportunity
- Prominent High Street Location
- Popular Market Town
- Commercial Premises On Ground Floor
- Two Bedroom Flat Above
- Producing £22,750 Per Annum
Floor plan
Map
Make an enquiry
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50 & 50a High Street, Hadleigh, Suffolk, IP7
50 High Street: Prominent high street retail premises. The specification includes retail area for sales, offices, kitchenette & W/C facilities, a basement area for storage and a small outside space to the rear. One parking space is included.
50a High Street: A spacious two bedroom flat arranged over first floor level, with kitchen, lounge and bathroom. One parking space is included.
Tenancy
50 High Street: Let to Bromley and Fitch Ltd, on a 3 year renewal lease commencing 6th January 2023, at a rent of £13,750 per annum, payable quarterly in advance.
50a High Street: Let on a 12 month Assured Shorthold Tenancy agreement, at a rent of £750 per calendar month (£9,000 per annum), expiring November 2023.
Copies of the documents are available upon request.
Accommodation
(Approximate internal measurements)
50 High Street 50 High Street 50 High Street 50 High Street
Ground Floor Approx. 649 sq ft (60.3 sq m)
Basement Approx. 429 sq ft (39.9 sq m)
Total (NIA) Approx. 1,078 sq ft (100.2 sq m)
50a High Street 50a High Street 50a High Street 50a High Street
Total (GIA) Approx. 701 sq ft (65.1 sq m)
Price
The premises are for sale freehold, subject to the tenancies listed above, at a price of £355,000, which shows a gross yield of 6.4%.
Business Rates / Council Tax
We have been informed that the rateable value for 50 High Street is £13,750.
50a High Street falls within Council Tax Band B.
We recommend all parties make their own direct enquiries with the local rating authority.
Energy Performance Certificate (EPC)
50 High Street: We have been advised that the premises fall within class C (54) of the energy performance assessment scale.
50a High Street: We have been advised that the premises fall within class E (40) of the energy performance assessment scale.
Full copies of the EPC assessments and recommendation reports are available from our office upon request.
VAT
We are advised that VAT is not applicable on the sale.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Note
Under section 21 of the Estate Agents Act 1979, an employee of Fenn Wright has a related interest in this property.
Viewing
Strictly by appointment via joint sole agents:
Fenn Wright
01206 85 45 45
colchestercommercial@fennwright.co.uk