MapOffers in region of
£525,000Mixed use for sale
1 Thoroughfare, Halesworth, Suffolk, IP19 8AH
Mixed use
4,259 sq ft / 396 sq m
Features and description
- Tenure: Freehold
- Prominent building in the centre of Halesworth
- 4 x commercial units & 1 x 5 bedroom apartment
- Generating an income of £44,340 per annum exclusive
LOCATION:
Halesworth is an old historic market town, with a resident population of circa 5,000. The town of Southwold is approximately 9 miles to the east, Beccles is circa 9 miles north and Framlingham is around 16 miles south west. The property is located in a prominent position in the centre of Halesworth.
DESCRIPTION & FLOOR AREAS:
The property comprises an attractive Grade II Listed, three storey building with double and single storey extensions to the rear. The ground floor has been split to provide four commercial units with a large self-contained five bedroom duplex apartment above.
Unit 1
Main Office 212 sq ft ( 19.71 sq m)
Store 74 sq ft ( 7.78 sq m)
Entrance Lobby -- --
Total Net Internal Floor Area 296 sq ft ( 27.49 sq m)
Unit 2
Retail Area 398 sq ft ( 37.02 sq m)
Store 133 sq ft ( 12.31 sq m)
Total Net Internal Floor Area 531 sq ft ( 49.33 sq m)
Unit 3
Store 217 sq ft ( 20.18 sq m)
Production 838 sq ft ( 77.84 sq m)
Total Net Internal Floor Area 1,055 sq ft ( 98.04 sq m)
Unit 4
Kitchen 386 sq ft ( 35.90 sq m)
Total Net Internal Floor Area 386 sq ft ( 35.90 sq m)
Residential Apartment
Ground Floor Area 211 sq ft ( 19.64 sq m)
First Floor Area 1,028 sq ft ( 95.50 sq m)
Second Floor Area 751 sq ft ( 69.81 sq m)
Total Gross Internal Floor Area 1,991 sq ft ( 184.95 sq m)
ACCOMMODATION & RENT:
The commercial units are let on RICS Small Business Retail Leases and we understand the flat is let on an Assured Shorthold Tenancy upon the following salient terms. Copies of the leases are available upon request.
UNIT TENANT FROM EXPIRY RENT (P.A.X)
Unit 1 Filo & Twine Ltd 10/06/2024 31/08/2028 £5,000
Unit 2 Private Individual 01/12/2023 30/11/2028 £12,000
Unit 3 Filo & Twine Ltd 01/09/2023 31/08/2028 £8,500
Unit 4 Gemma Riseley 01/07/2023 30/06/2028 £6,840
Apartment Private Individual -- TBC £12,000
Total Current Rental Income £44,340
BUSINESS RATES & COUNCIL TAX:
The property is assessed as follows:
Unit 1 Rateable Value: £5,800
Unit 2 Rateable Value: £10,000
Unit 3 Rateable Value: £8,600
Unit 4 Rateable Value: £3,550
Residential Apartment Council Tax: Band D
All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.
SERVICES:
It is understood that the property is connected to mains water, electricity, gas and drainage.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.
LOCAL AUTHORITY:
East Suffolk Council
East Suffolk House
Riduna Park
Station Road
Melton
Woodbridge
Suffolk, IP12 1RT
[use Contact Agent Button]
ENERGY PERFORMANCE CERTIFICATES [EPC]:
Commercial (Units 1 - 4): D (76)
Rating ref 2190-3545-2090-6103-7995
Residential Unit: To be confirmed.
TERMS:
Offers are invited in the region of £525,000 for the freehold interest, subject to the existing tenancies.
VAT position to be confirmed.
LEGAL COSTS:
Each party is to be responsible for their own legal costs.
Halesworth is an old historic market town, with a resident population of circa 5,000. The town of Southwold is approximately 9 miles to the east, Beccles is circa 9 miles north and Framlingham is around 16 miles south west. The property is located in a prominent position in the centre of Halesworth.
DESCRIPTION & FLOOR AREAS:
The property comprises an attractive Grade II Listed, three storey building with double and single storey extensions to the rear. The ground floor has been split to provide four commercial units with a large self-contained five bedroom duplex apartment above.
Unit 1
Main Office 212 sq ft ( 19.71 sq m)
Store 74 sq ft ( 7.78 sq m)
Entrance Lobby -- --
Total Net Internal Floor Area 296 sq ft ( 27.49 sq m)
Unit 2
Retail Area 398 sq ft ( 37.02 sq m)
Store 133 sq ft ( 12.31 sq m)
Total Net Internal Floor Area 531 sq ft ( 49.33 sq m)
Unit 3
Store 217 sq ft ( 20.18 sq m)
Production 838 sq ft ( 77.84 sq m)
Total Net Internal Floor Area 1,055 sq ft ( 98.04 sq m)
Unit 4
Kitchen 386 sq ft ( 35.90 sq m)
Total Net Internal Floor Area 386 sq ft ( 35.90 sq m)
Residential Apartment
Ground Floor Area 211 sq ft ( 19.64 sq m)
First Floor Area 1,028 sq ft ( 95.50 sq m)
Second Floor Area 751 sq ft ( 69.81 sq m)
Total Gross Internal Floor Area 1,991 sq ft ( 184.95 sq m)
ACCOMMODATION & RENT:
The commercial units are let on RICS Small Business Retail Leases and we understand the flat is let on an Assured Shorthold Tenancy upon the following salient terms. Copies of the leases are available upon request.
UNIT TENANT FROM EXPIRY RENT (P.A.X)
Unit 1 Filo & Twine Ltd 10/06/2024 31/08/2028 £5,000
Unit 2 Private Individual 01/12/2023 30/11/2028 £12,000
Unit 3 Filo & Twine Ltd 01/09/2023 31/08/2028 £8,500
Unit 4 Gemma Riseley 01/07/2023 30/06/2028 £6,840
Apartment Private Individual -- TBC £12,000
Total Current Rental Income £44,340
BUSINESS RATES & COUNCIL TAX:
The property is assessed as follows:
Unit 1 Rateable Value: £5,800
Unit 2 Rateable Value: £10,000
Unit 3 Rateable Value: £8,600
Unit 4 Rateable Value: £3,550
Residential Apartment Council Tax: Band D
All interested parties should make their own enquiries with the local rating authority in order to verify their rates liability.
SERVICES:
It is understood that the property is connected to mains water, electricity, gas and drainage.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.
LOCAL AUTHORITY:
East Suffolk Council
East Suffolk House
Riduna Park
Station Road
Melton
Woodbridge
Suffolk, IP12 1RT
[use Contact Agent Button]
ENERGY PERFORMANCE CERTIFICATES [EPC]:
Commercial (Units 1 - 4): D (76)
Rating ref 2190-3545-2090-6103-7995
Residential Unit: To be confirmed.
TERMS:
Offers are invited in the region of £525,000 for the freehold interest, subject to the existing tenancies.
VAT position to be confirmed.
LEGAL COSTS:
Each party is to be responsible for their own legal costs.
Property information from this agent
About this agent
Commercial Agency, Estate Agents and Letting Agents Our Ipswich office is home to our Suffolk Commercial agency team who specialise in the sale, letting and acquisition of commercial premises. The office is headed up by Alistair Mitchell MRICS, a Partner at Fenn Wright. The focus of this office is on the sale and letting of industrial, office and retail spaces across Suffolk and the provision of expert advice to support requests for formal valuations, rent reviews, strategic asset management and development decisions. Together with our commercial property valuation team, Fenn Wright offer unrivalled knowledge and exposure to the commercial property market within Ipswich and the surrounding area.