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Market Hill, Sudbury, Suffolk, CO10

£750,000

£203.14 per sq ft

Business rates & charges may apply

Birchall Steel Consultant Surveyors, Suffolk
SIZE AVAILABLE

3,692 sq ft

343 sq m

SECTOR

4 bedroom mixed use property for sale

USE CLASSUse class orders: Class E

E

Key features

  • FULLY OCCUPIED FREEHOLD INVESTMENT
  • RETAIL SHOP & FOUR FLATS
  • TOTAL INCOME OF £63,120 per annum
  • GROSS YIELD OF 8.4% based upon current income of £63,120 pa
  • PROMINENT CORNER POSITION

Description

The property comprises an end of terrace, three storey, Grade II listed building, fronting Market Hill, with return front along Station Road.
The ground floor comprises a retail shop, with four one bedroom flats above, two located from Market Hill and two located from Station Road.

The property is constructed of brick and timber frame, with render elevations along Market Hill and brick elevations along Station Road, under part pitched tiled roof, and part flat roof over the ground floor. The shop, accessed via Market Hill benefits from a timber glazed return frontage.
The first floor benefits from timber sash windows with secondary glazing and the second floor benefitting from timber sash dormer windows.
Internally the retail area is predominantly open plan in layout with a store, office and changing rooms to the rear, extending to approximately 1,690 sq. ft. NIA. The shop is finished with a concrete floor, plastered elevations and ceiling, with track lighting and heating and cooling via AC units. The shop also has the benefit of a basement extending to approximately 885 sq. ft., which is dry and currently used for storage of stock.

Flats 38A and 38B Market Hill are accessed via a Market Hill to an internal staircase and communal hall. 1A and 1B Station Road are accessed via a front door and internal staircase from Station Road. Each flat is described as follows :

38A Market Hill is located on the first floor comprising a kitchen / living room, bedroom and shower over bath.

38B Market Hill is located on second floor, comprising a small kitchen, living room, bedroom and ensuite shower room.
1A and 1B Station Road are both on first floor, with 1A comprising a living room, kitchen, bedroom and shower, with 1B comprising a kitchen / living area, bedroom and bathroom.

The post code for 1A and 1B Station Road is CO10 2SP

The ground floor shop and each flat all benefit from their own electricity supply. The flats benefit from electric heating.

Tenancy
Rates / Council Tax
The ground floor is let to Javelin Retail Limited for a term of 10 years from 6th September 2023 (approx. 8 years unexpired), by way of a full repairing and insuring lease, subject to a photographic schedule of condition, at a passing rent of £30,000 per annum exclusive. There is an index linked rent review on the 5th anniversary of the lease term (6th September 2028). A copy of the lease and Javelin Retail Ltd's accounts (year end 31/03/25) are available upon request.

Brochures

Market Hill, Sudbury, Suffolk, CO10

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Sudbury Station0.2 miles
  • Bures Station4.9 miles

About Birchall Steel Consultant Surveyors, Suffolk

Old Bakery Mews, 6 King Street, Sudbury, CO10 2EB

We are delighted to announce that Birchall Steel and Nicholas Percival Commercial Property Agents & Chartered RICS, formerly merged in September 2025, uniting two highly respected commercial agencies. This exciting development strengthens our brand and expands our professional property services, combing Birchall Steel's expertise with Nicholas Percival's renowned capabilities in the commercial sector.

Notes

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