Shop
Two adjacent freehold lock-up shops centrally located in the busy market town of Beccles.
No.2 Smallgate provides floor space of 85.91 sq.m and No.4 Smallgate provides around 30 sq.m of floor space. Vehicle accessible yard space to the rear of the shops provides around 57 sq.m of outside space is included.
Unit - No.2, Smallgate. For many years has traded as the shop for Michaels Cycles which incorporated the adjacent space, namely No.4. In August 2016 the shops where internally separated with No.4 being leased. The owner of the Michaels Cycles business is moving to retirement and this is the driver for selling this pair of lock-up shops. This unit will therefore be presented as vacant upon completion of a successful sale.
Unit - No.4 Smallgate. This is currently let on a 1954 Landlord and Tenant Act lease, running from 1st August 2016. The tenant trades as a successfully established and highly regarded fish mongers. The rent achieved is currently £550 per calendar month (£6,600 per annum). No rent arrears.
The freehold yard space sited behind the shops is included in the sale. It should be noted that none of the yard space is included under the tenancy on No.4. The seller would consider renting the yard space back from a successful purchaser, should it not be required.
Above these freehold shops is a leasehold residential apartment (2A Smallgate), whilst this is not under the same ownership of of 2 and 4 Smallgate or offered by our agency, it is currently being offered for sale. This is mentioned as the timing could be right for the potential acquisition of the whole site.
It should also be noted that Smallgate is a mixed area of both commercial and residential property. Therefore potential exists, subject to planning, for No.2 to be converted into residential which would have parking and town garden space provided by the current yard space.
LOCATION:
The property is situated just off the central retail New Market with road connections from Station Road and Smallgate via Exchange Square. This is a predominantly shopping thoroughfare with busy road frontage leading through to the Quay and the Station.
Beccles has a population of around 10,000 and is expanding with projected 1,500 new houses to be built under the Local Plan proposals. Beccles is an important Market Town in the Waveney River Valley. The river has a direct connection with the Broads Waterway system and is tidal at Beccles. Beccles has an excellent range of independent shops with high occupancy rate and is probably one of the most attractive towns in North Suffolk. As one might expect there are schools for all age groups, dentists, veterinary and medical practices. Norwich 18 miles with mainline rail link to London Liverpool Street. Ipswich 40 miles with its rail connection to Beccles via the Lowestoft line.
VIEWING:
On-Site Viewing Strictly by appointment. Call 01502 558538.
DIRECTIONS:
For SatNav use NR34 9AB. If using 3Words Navigation search: 'crusaders.years.dragging'
GENERAL:
Possession: No.2 to be offered with vacant possession upon completion with No.4 being sold as a commercial tenanted investment.
Local Authority: East Suffolk Council
Services: Mains water, electricity and drainage
Easements, Wayleave, Rights of Way: Right of Way provides walking access to the East side of No.2 for use by residential neighbours behind and above.
Broadband: Standard and Superfast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky and BT are available in this location.
Comprises -
Split level with front window area being 4.79m x 4.34m and rear trading area 9.9m x 3.98m
3.67m x 3.00m
4.00m x 3.7m
9.14m x 6.09m hardstanding with vehicular access and parking.
Comprises -
17.92 sq.m
10.74 sq.m
2 sq.m
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
