2 bedroom property for sale
77 & 77A High Street, Hadleigh>
Mixed Use Freehold Investment Premises For Sale
Prime trading location in the centre of Hadleigh
Ground floor retail unit totalling 66.62 m2 (717 ft2) NIA
Cellar / Basement unit totalling 25.92 m2 (279 ft2) NIA
First floor 2-bedroom flat totalling 71.65 m2 (771 ft2) NIA
The entire property is currently let providing a rental income of £17,500 Per Annum Exclusive
Hadleigh is a thriving and expanding market town which despite the pandemic has seen a variety of new businesses in the past 18 months including Fork Kitchen Deli, The Flying Guardsman and Cobblers Wine bar. More established retailers close by include Adnams Kitchen cellar Shop and the Co-op. Hadleigh has a population of around 10,000 but serves a wider catchment area and is situated some ten miles west of Ipswich and thirteen miles east of Sudbury. Colchester is about 15 miles from where there are main line services to London Liverpool Street taking around 50 minutes.
A Grade II Listed property comprises a ground floor commercial unit, with a self-contained 2-bedroom apartment on the first floor. The open plan retail unit benefits from a prominent position in the town centre, with glazed frontages onto the High Street and cellar. An enclosed rear yard provides storage space with a brick outbuilding having power. Accessed via the rear vestibule, the first floor flat comprises landing, sitting room, 2 bedrooms, bathroom, and kitchen.
Both floors are let to Hadleigh Pet Supplies on a 7-year full repairing and insuring lease from 21 September 2020, with a break option in 2023. The current rent is £17,500 per annum.
We understand that all mains services are connected.
Offers are invited in the region of £250,000 for the freehold interest, subject to the existing tenancy.
Each party is responsible for their own legal costs.
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