129-133 Hamilton Road, Felixstowe, Suffolk, IP11 7AB
£450,000+
Commercial
Key Features
- An opportunity to acquire a freehold town centre investment property measuring approximately 5,500 sq ft
- Let on a 25 year lease to Prezzo at a rent of £43,000 pa
- Ideal opportunity for investors
Part of the
17 October 2024
auction
at
2.30PM
An opportunity to acquire a freehold town centre investment property measuring approximately 5,500 sq ft currently let to Prezzo Italian Restaurant at £43,000 pa.
- Freehold town centre leisure facility
- Located in a prominent position on Hamilton Road
- Situated in the heart of Felixstowe town centre
- Nearby occupiers: Tesco, CEX, Natwest, Boots, EE, Costa etc
- A short walk to Felixstowe Train Station
- Good road connections, 5 minute drive to the A14
- Close to multiple pay & display car parks
- Adjacent to bus stop providing 4 different bus routes
- Only 0.3 miles from Felixstowe beach
- GF: Dining area, kitchen, prep room, W/C's, store & plant room
- GF benefits from a courtyard dining area
- Upper ground floor comprises staff room & 2 x toilets
- Main building FF comprises shell open plan layout
- Main building SF comprises shell room layout
- Potential to regear lease for conversion of upper floors (STP)
- FF link building comprises: 3 x stores, office, staff room & W/C
- Total floor area of circa 5,500 sq ft
- Yard to the rear with road access
- Let on a 25 year lease to Prezzo at a rent of £43,000 pa
- Potential scope for conversion of upper floors (STP)
- An ideal opportunity for investors
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to a 25 year lease to Prezzo from 28.11.2013 at a current rent reserved of £43,000 pa
Email: jgriffiths@nockolds.co.uk
Telephone: 01279 450607