52 Hamilton Road Felixstowe Suffolk IP11 7AJ

52 Hamilton Road
Felixstowe
Suffolk
IP11 7AJ

Freehold Retail and Residential Investment

Shop with two self-contained flats above
Shop let to The Works Stores Limited
Opposite Marks & Spencer
Other nearby occupiers include Iceland, WH Smith, Caffè Nero, Burton and Boots the Chemist
Popular Suffolk market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
70
Auction
23rd March 2016
Rent
£49,660 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Residential Investment

Shop with two self-contained flats above
Shop let to The Works Stores Limited
Opposite Marks & Spencer
Other nearby occupiers include Iceland, WH Smith, Caffè Nero, Burton and Boots the Chemist
Popular Suffolk market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 70
Auction 23rd March 2016
Rent £49,660 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

The property is located in a prominent position on the eastern side of Hamilton Road, opposite Marks & Spencer. Other nearby occupiers include Boots the Chemist, Peacocks, New Look, Burton, Superdrug, Savers and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a well configured ground floor shop along with a self-contained studio flat on the first floor and a self-contained one bedroom flat on the second floor.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a well configured ground floor shop along with a self-contained studio flat on the first floor and a self-contained one bedroom flat on the second floor.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Retail/Ancillary	170.38 sq m	(1,834 sq ft)	THE WORKS STORES LIMITED (1)	10 years from 22/04/2010	£40,000	21/04/2020
First	Residential	Studio Flat		TWO INDIVIDUALS	Assured Shorthold Tenancy for 12 months from 01/06/2015	£4,620 (2)	31/05/2016
Second	Residential	One Bedroom Flat		AN INDIVIDUAL	Assured Shorthold Tenancy for 12 months from 31/10/2015	£5,040 (2)	30/10/2016
Totals		170.38 sq m	(1,834 sq ft)			£49,660

1) The Works currently have over 330 stores nationwide selling discount books, gifts, toys and stationary. For the year ending 26th April 2015, The Works Stores Limited reported a turnover of £141,684,000, pre-tax profits of £6,733,000 and a total net worth of £16,756,000 (Source: www.theworks.co.uk and Experian Group 22/02/2016).
(2) Annual equivalent rent.