General information A mid-terrace two storey mixed retail and residential investment property within the Felixstowe town centre. The property, which is fully let, currently produces an income of £26,950 pa.
The property briefly consists of a retail unit which has been split into two and let to one single occupier. A further retail unit, a large self-contained three bedroom first floor flat and a generous parking area to the rear.
Location The property overlooks Hamilton Road central triangle close to Crescent Road public carpark. Felixstowe is a popular coastal town in Suffolk with a residential population of circa 30,000. Whilst Felixstowe is known as a seaside tourist destination and houses the largest container port in the UK, it is now also regarded as a well established commercial centre all year round. The property is located in the heart of Hamilton Road which is Felixstowe's main shopping area and overlooks the triangle which has occupiers such as Poundland, Tesco, Specsavers, Boots and the Palace Cinema.
The accommodation (please note all areas and dimensions are approximate).
The property is a mid-terrace two 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 shop into two smaller units with communal facilities to the rear.
111a Hamilton Road is a large three bedroom first floor 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 property, accessed from Penfold Road, is a large area for parking.
111 HAMILTON ROAD Unit 1 - The Vape Emporium
Retail 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)
Sales area - 9.87 sq m (106 sq ft)
Rear sales area 2.3 sq m (25 sq ft)
Kitchen - 3 sq m (33 sq ft)
Rear lobby 1.78 sq m (19 sq ft)
Total area 17 sq m (187 sq ft)
Servicing the above two shops is a shared wc with lobby and three designated parking spaces.
111A HAMILTON ROAD Self-contained first floor flat with entrance door from Hamilton Road into the hall with stairs to the first floor. A landing gives access to all rooms which comprise;
Kitchen - 9 sq m (97 sq ft)
Bedroom 1 - 16 sq m (172 sq ft)
Bedroom 2 - 14.6 sq m (157 sq ft)
Bedroom 3 - 9.4 sq m (101 sq ft)
Lounge - 22 sq m (237 sq ft)
Bathroom - 5 sq m (54 sq ft)
Total floor area 76 sq m (118 sq ft)
113 HAMILTON ROAD Vikings 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)
The outside To the rear of the property there are circa four parking spaces.
Tenancy details are available on request.
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.
Yield of 6.99%
Agents note In accordance with Section 21 of Estate Agent's Act 1979, we must declare to all parties that a member of Fenn Wright staff has a personal interest in this property.
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Mixed retail/residential investment. Fully let, currently producing £26,950 pa. Town centre position with large carpark to the rear.
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