Mixed Investment Ground Floor Commercial Unit With 2 x Self Contained Flats

The building forms part of a terrace on the east side of Hamilton Road. This 3-storey building comprises a large ground floor commercial unit, with storeroom, staff toilet and kitchen. Over the first and second floors are 2 x self contained flats, which are accessed via the rear of the building. *Please note - the Auctioneers have not been able to inspect the property internally - and therefore are unable to confirm the condition or layout of the property* Situation The property occupies a prominent position in central Felixstowe, and is surrounded by large commercial users including Marks and Spencer, Santander and Caffe Nero. Location Pin (What3Words): empire.wiped.mouth https://w3w.co/empire.wiped.mouth NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure - Freehold Rent Commercial The commercial element of 52 Hamilton Road is let to The Works Stores Limited on a 5 year term from 22 April 2020 until 21 April 2025 with a current rent of £27,000 pa. 37 Albert Walk We have been informed by the owner that the property is let on an Assured Shorthold Agreement from 03/12/2024 until 02/12/2025 at a rent of £675 pcm. A copy of the AST agreement has been uploaded to the legal pack. 19a Victoria Street We have been informed by the owner that the property is on an Assured Shorthold Agreement from 31/10/2022 until 30/10/2023 at a rent of £550 pcm.

Lot Type

Freehold Investment

Accommodation

Commercial Total Floor Area - 147 sq.m. 19a Victoria Street Total Floor Area - 66 sq.m. 37 Albert Walk Total Floor Area - 61 sq.m. Rateable Value - £30,200 Council Tax 19a Victoria Street - A 37 Albert Walk - A EPC Rating Commercial - C 19a Victoria Street - E 37 Albert Walk - E

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

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