A high yielding commercial and residential investment in a prominent Suffolk market town location

Situated along a busy artery road leading into the centre of Sudbury is this excellent mixed use investment comprising the freehold of a Veterinary Surgery with a large 4 bedroom flat above together with the leasehold interest of a ground floor flat in an immediately neighbouring end terraced property. 171-173 Melford Road is currently let on a 10 year lease from April 2013 at an annual rent of £27,500 per annum rising to £30,000 next April and £32,500 the following year, a rent review is then due at the end of year 6. The tenant has expressed an interest in taking the flat above on an AST at £800pcm and the flat within the neighbouring property is let on an AST at £425pcm, the total ERV is therefore £42,200 rising to £47,200 in 2017. The tenant company has over 100 veterinary practices throughout the UK with a 2014 turnover of approaching £50m making this a solid multiple income stream investment.

Viewing

Please call the Auctioneers - 01473 558888

Energy Efficiency Rating (EPC)

Current Rating 171-173: C 171-173 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

Rudlings Wakelam, 1 Well Street, Thetford IP24 2BL, Ref: Jonathan Cobbold, Tel: 01842 754151

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.