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Chartered Surveyors / Estate Agents Guide Price A rare opportunity to acquire a prime, £375,000 Freehold vacant retail unit in the centre of the Ref: P5932J Shetland House popular and highly regarded coastal 174 & 176 High Street town of Aldeburgh in Suffolk. Aldeburgh Suffolk IP15 5AQ A prime retail unit that is currently vacant, which will be of interest Contact Us Clarke and Simpson to both owner occupiers and investors alike, that will produce a Well Close Square rent in the region of £25,000 per annum together with a ground Framlingham Suffolk IP13 9DU rent associated with the long leasehold interest in the residential T: 01728 724200 F: 01728 724667 upper part. And The London Office 40 St James’ Place London SW1A 1NS [email protected] www.clarkeandsimpson.co.uk Location The premises occupies a prime location along the High Street in the very centre of the popular and highly regarded coastal town of Aldeburgh. The High Street offers an excellent range of local and national retailers including Crew Clothing, Joules, Collen & Clare, Quba & Co, O & C Butcher, Adnams, Fatface, L’Occitane, Riley & Riley and Sue Ryder, together with Barclays Bank, a Co-op supermarket, Prezzo, other fine restaurants, cafes and art galleries. The town has its own golf and yacht clubs and nearby Snape Maltings, with its world class concert hall, is home to the Aldeburgh festival. Other attractions in the area include the popular resorts of Thorpeness, Walberswick, Dunwich and Southwold, together with nature reserves at RSPB Minsmere and Havergate Island. There are also ancient castles at Orford and Framlingham. The neighbouring market town of Saxmundham (7 milesaway) has Waitrose and Tesco supermarkets and a railway station with direct and connecting services to London Liverpool Street Station. The County Town of Ipswich lies about 25 miles to the south-west. Aldeburgh is an affluent market town, and one where there is a high percentage of second homes and holiday lets. Because of the interest from those looking for second homes from London and the south east, Aldeburgh is regularly mentioned within the national press as one of the best coastal towns in the country. Description The premises comprise a ground floor retail unit, together with basement accommodation and residential upper part. Until recently the ground floorand basement were let to Jack Wills Ltd. The apartment on the first floor was sold away on a long leasehold interest in 2003. The premises was extensively renovated and refurbished in the early 2000s by the current vendor; the retail premises was then let to Jack Wills Ltd, and who remained in occupation until very recently. The aforementioned apartment was sold away at a similar time. The retail unit benefits from an impressive shop front, set centrally within the prime retailing area within the High Street, with accommodation arranged over the ground floor and basement. The ground floor accommodation extends to approximately 540 sq feet (50 sqm) whilst the basement, which was previously used by Jack Wills Ltd for storage and changing room accommodation, extends to approximately 136 sq feet (13 sqm). Prospective purchasers should note that the building was extensively renovated and refurbished in the early 2000s. The current internal décor of the retail premises was ‘distressed’ by Jack Wills Ltd as part of their fit out. The ground floor retail unit is now vacant, and can be utilised by owner occupiers for their own business or let out to generate income for prospective investment purchasers. The apartment on the first floor is subject to a long leasehold interest for a term of 125 years from 27th February 2003. The ground rent payable is £100 per annum, and this doubles every 25 years. VAT The vendor has opted the building for tax, and VAT will be payable on the purchase price. Rateable Value The rateable value is £17,750. Viewing Strictly by appointment with the Agents. Services Mains electricity, water and drainage are connected. Local Authority East Suffolk Council, East Suffolk House, Station Road, Melton, Woodbridge, Suffolk IP12 1RT; Tel: 01394 383789 EPC A copy of the EPC is available from the Agent’s office. Site Plan - Indicative Only NOTES 1. These particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. Interested parties should rely on their own/their surveyors investigations as to the construction type of the property and its condition. No warranty can be given for any of the services or equipment at the property and no tests have been carried out to ensure that heating, electrical or plumbing systems and equipment are fully operational. Any distances, room aspects and measurements which are given are approximate only. Any plans are indicative only and may not be the same as the transfer plan/s. No guarantee can be given that any planning permissions or listed building contents or building regulations have been applied for or approved. The agents have not been made aware of any covenants or restrictions that may impact the property, unless stated otherwise 2. Under Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 we, as Estate Agents, are required to obtain identification from buyers in the form of the photo page of your passport or a photo driving licence. The document must be in date. In addition, we need proof of address in the form of a utility bill with the name and address of the buyer. This must not be more than three months old. We are also under obligation to check where the purchase funds are coming from. July 2020 Need to sell or buy furniture? If so, our Auction Centre would be pleased to assist — please call 01728 746323. .

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