Description
A mixed-use property comprising a ground floor shop with access off the High Street and a let one bedroom flat over the shop, with its own separate side entrance and integral garage.
The property was a former Post Office and still retains an operational Royal Mail post box set in the buildings façade. The last commercial tenant was formally a pizzeria and the shop has had various Class E uses over the years.
There is a flying freehold with part of the apartment being over the property adjacent property. There is also a cellar which is accessible from the shop.
Location
The property lies on the High Street of the sought after village of Ixworth, just 6 miles from Bury St Edmunds.
Ixworth is a particularly well served village having a range of shops, hairdressers, doctors surgery, school, church, village hall, library and fire station. Various eating establishments such as pubs, takeaways and a café. Just under 3 miles away can be found the Wyken Vineyard with its notable restaurant, regular farmers markets and events.
There is a wide range of schooling nearby Ixworth Primary School (3-11), Ixworth High School and Thurston Community College (11-18), University of West Suffolk at West Suffolk Collage for further education. Nearby for private schooling is South Lee School and Culford School.
Services
We understand mains electricity, water and drainage are connected. These services are shared between the shop and flat.
(Durrants have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order).
Proposal
The property is available for sale freehold at a guide price of £210,000 or the ground floor shop is available to let at £7,500 per annum.
The flat is currently occupied on a periodic tenancy with a rent of £795 per calendar month (£9,540 per annum).
The Landlord would consider letting the shop for an initial term of 3 years with the lease to be contracted outside of the Landlord and Tenant Act 1954. A deposit will be held by the Landlord equivalent to three months rent.
With the rental income being part commercial and part residential this represents a considered low risk income stream.
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