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Lot 8
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36 & 36b Cross Street, Sudbury, CO10 2DL

Sold for £165,000
High profile commercial/residential investment, Sudbury... with potential

Property Details

Description

Located along a Sudbury primary arterial route near the river, is this very well-maintained 2-storey building, with the prospect of redesign potential for alternative uses, subject to planning.
The first floor flat is currently let on an AST with the same tenant in situ since 2010, whilst the ground floor has recently become vacant, formerly the subject of a 15-year lease.
The autonomous 2 bedroom flat is well-proportioned, whilst the ground floor provides a large open plan office, smaller office, WC and storeroom.

When fully tenanted, the yield was £14,000 pa, producing a worthwhile investment.

Key Features

  • PRIME LOCATION
  • MIXED COMM./RESI.
  • WELL-MAINTAINED
  • G/FLOOR OFFICES
  • LARGE 2 BED FLAT
  • ESTABLISHED TENANT
  • OFFICE SPACE VACANT
  • GOOD YIELD POTENTIAL
  • FLOORPLANS ONLINE
  • PHOTOS ONLINE
Tenure

Freehold

EPC

TBC

Viewing

Thu 4 May 14:00 - 15:00
Sat 6 May 14:45 - 15:45
Mon 8 May 10:00 - 11:00

Solicitors

Mr Paul Connolly
Sparlings Solicitors
3 West Stockwell Street
Colchester
CO1 1HQ

Current Yield.

Flat: £525 pcm, £6,300 pa
G/Floor office: was £7,740 pa now vacant

Location

36 & 36b Cross Street, Sudbury, CO10 2DL

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.