Next Auction
7
Lot 8
9

48-50 High Street, Needham Market, Ipswich, Suffolk, IP6 8AP

Auction Date:  December 3, 2025
Sold for £250,000
Mixed-Use Investment & Redevelopment Opportunity ... Part Grade II Listed

Property Details

Description

A rare mixed-use investment and redevelopment opportunity in a prominent High Street position. Part Grade II Listed, the property comprises a well-proportioned 1,400 sq ft retail unit, a self-contained three-bedroom duplex apartment, a two-storey store with conversion potential, and an impressive vaulted first-floor hall. Beneath the hall, with its own entrance, is 1 The Courtyard, a well-presented one-bedroom flat. The property also benefits from rear yard space and parking. To be sold with full vacant possession, the site offers clear options to refurbish, reconfigure or comprehensively redevelop (STP), with an indicative scheme for two shop units and up to five one-bedroom flats. Based on local rental values, the completed development could produce a gross income in the region of £60,000 pa.

Key Features

  • PROMINENT HIGH STREET
  • MIXED-USE FREEHOLD
  • PART GRADE II LISTED
  • 1,400 SQ FT RETAIL
  • 3 BED DUPLEX + 1 BED
  • STORE & VAULTED HALL
  • REDEV TO 2 SHOPS + 5 FLATS
  • £60,000 PA POTENTIAL YIELD
Tenure

Freehold

EPC

B

Viewing

By appointment with the Auctioneers

Solicitors

Mr Robert Jackson
Gudgeons Prentice Solicitors
Buttermarket
Stowmarket
IP14 1ED

Download Legal Pack

Location

48-50 High Street, Needham Market, Ipswich, Suffolk, IP6 8AP

*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 £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.