A prime high yielding mixed use investment

Located in the heart of the town in a busy trading area is this 860 sq ft retail premises with an independently accessed 2 bedroom flat above. Sudbury is a thriving Suffolk market town with lovely walks along the banks of the River Stour, branch line rail links to London Liverpool Street station and situated just over 30 miles to Stansted Airport. The property is currently let to William Hill on a 15 year lease expiring in 2024 at a rent of £26,750 per annum, however there is a break clause in 2019 and they are no longer in occupation with the property having been sub-let to the YMCA. The flat above is well appointed and at the time of writing awaiting re-decoration throughout, we understand a new tenant is ready to take up residence at a rent of £525 per calendar month. The projected combined yield of £33,050 equates to just over a 12% annual return based on the low end of the Guide Price and therefore this represents a prime investment opportunity.

Tenure

Freehold

Viewing

Open days - dates and times to be confirmed

Energy Efficiency Rating (EPC)

Current Rating D, F

Services

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

Local Authority

Babergh District Council. Tel: 01473 826622

Solicitors

Holmes & Hills Solicitors, Bocking End, Braintree, Essex CM7 9AJ, Ref: Ms P Jerram, Tel: 01376 320456

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

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