A mixed use investment opportunity with an established yield

Situated in the heart of the town centre is this first class mixed use investment comprising a vacant retail unit and 3 tenanted flats. Saxmundham is a thriving market town with a good range of amenities including a railway station and only a short drive from the Suffolk Heritage Coast. The retail unit has A1 usage and suited to a variety of trades whilst the flats which are all let on Assured Shorthold Tenancies comprise as follows: Flat A (Ground Floor) – 1 bedroom Tenancy commencement date – April 2017 Rent - £375 PCM Flat B – (First Floor) – Studio Tenancy commencement date – August 2008 Rent - £260 PCM Flat C – (First Floor) – 1 bedroom Tenancy commencement date – March 2011 Rent - £350 PCM Total Annual Income - £11,820 To the rear of the property is an ALLOCATED PARKING SPACE for each unit and being competitively priced for the auction market we believe this to be an excellent multi income stream opportunity.

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 £840.00 including VAT

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