A most interesting mixed use investment/development opportunity with an established yield

In the heart of the town centre is this particularly individual investment opportunity comprising a retail/office unit, 3 tenanted flats, a separate detached 2 bedroom unit and garages with Planning Permission for demolition and erection of a residential property. Saxmundham is a thriving market town with a good range of amenities and within a short driving distance of the Suffolk Heritage Coast. The retail/office unit is currently let (expiring Sep 2017) for £5000 pa whilst the 3 flats comprise 2 one bedroom and a studio and are all let on AST’s producing an annual income of £11,820 The detached property (originally a live/work unit) is currently vacant. There are 4 either decided or pending Planning Application relevant to this property and interested parties are advised to inspect the details on the Suffolk Coastal District Council planning portal under refence numbers 15/0951, 17/1365, 17/1366 and 17/1373. We believe this to be a quite unique opportunity which warrants close attention.

Tenure

Freehold

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating Flat A - G, Flat C - F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Suffolk Coastal District Council. Tel: 01394 383789

Solicitors

Foskett Marr Gadsby & Head, 181 High Street, Epping CM16 4BQ, Ref: Howard Parkinson, Tel: 01992 563662

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.