A lucrative commercial investment with an established tenant 6 years into an 18 year lease

This detached property was purpose built in 1984 and comprises a hot food takeaway, a 2 bedroom flat above and plenty of parking space. Shotley is situated some 9 miles to the south east of Ipswich and the business draws upon a wide area as there are very few outlets of a similar nature in the vicinity. The premises is currently let on an 18 year full repairing and insuring lease which commenced in 2009 and at a rent of £9720 per annum with a guarantor in place, we also understand that formal notice of a rent review has been served. An excellent investment opportunity. NOTE: Viewing is strictly by appointment only and no direct approaches to the tenants are to be made.

Tenure

Freehold

Viewing

Please call the Auctioneers - 01473 558888

Energy Efficiency Rating (EPC)

Current Rating Take away: D Flat: D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Babergh District Council. Tel: 01473 826622

Solicitors

Michael Smith & Co, 21 St Margaret's Green, Ipswich, Suffolk IP4 2BN, Ref: Michael Smith, Tel: 01473 226231

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

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