Property Information
Address:
6-8, Market Place, Saxmundham
, IP17 1AG
Price: Buy: POA
Size: 1069 sq ft99 sqm
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH688515
Property Ref/Agent: 52709
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 5, 2024
Property description
6-8 Market Place is a circa 1840 Grade II Listed building over 3 storeys, comprising a shop at the front with residential accommodation (which has been sold off on a long lease). The shop front has recently undergone significant external redecoration and improvement works. The ground floor to the front has a plate glass display window along the full length of the frontage with windows on the upper floors fitted with single glazed timber frames. There are two small plate glass shop display windows on the ground floor at the front overlooking Market Place. Retail space at 6/8 Market Place is accessed via a recessed shop front situated at no 8 Market Place.
Seeking offers in excess of £225,000, reflecting a Net Initial Yield of 7.25% (subject to contact)
Prominent High Street location
Located in the market town of Saxmundham, Suffolk, 18 miles North East of Ipswich
New letting to Algorial Retail Ltd providing a 10-year lease at £16,750 pa from 24 September 2021
The building provides a well-configured retail unit with an area totalling C 1,069 sq ft GIA
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