23 April 2025: Wednesday 23 April 2025 - 9:00am
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    Key features

    • A freehold end of terrace property
    • Let to Prezzo on a term of 25 years from May 2013
    • Town centre location forming part of the High Street
    • Development potential of upper parts subject to requisite consents
    • Rear Access, garden and outbuildings
    • Approx. 5,500 sq ft
    • Investment let at £43,000 per annum (9.55% GIY on Guide)

    Description

    A freehold end of terrace property benefitting from rear access, garden and outbuildings.

    Let to Prezzo on a term of 25 years from May 2013.

    Development potential of upper parts subject to requisite consents.

    Town centre location forming part of the High Street

    Rear Access, garden and outbuildings.

    Approx. 5,500 sq ft.

    Investment let at £43,000 per annum.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor

    • Serving Area, Two Kitchens, Storage Rooms, Hallway, Toilets/WC.

    First Floor

    • Hallway, Two Large Rooms, Two Small Rooms, Men's and Female's Toilets and separate annexe with multiple rooms and Toilet/WC.

    Second Floor

    • Seven Rooms and Landing.

    External

    • Outdoor Garden, Rear Access

    Tenancy

    Investment is let to Prezzo at £43,000 per annum for a term of 25 years from 28/05/2013 with a break clause on 28/05/28 subject to at least 6 months prior notice.

    Rent

    £43,00 per annum.
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated on the West side of Hamilton Road and forms part of a parade of retail units. The property is close to Tesco Express, Costa Coffee and Boots and other nearby occupiers include a selection of independent shops, cafes and restaurants.

      Transport

      Felixstowe - GreaterAnglia

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums