18 Church Street, Woodbridge, IP12 1DH

Let

Overview

The subject property is situated in Church Street which links the Thoroughfare with Market Hill and provides a mixed use investment opportunity in the town. The property comprises of a ground floor shop/office that is soon to be vacant, two flats let on assured shorthold tenancies and a ground floor office that is let. There are 4 car spaces with the property. The building is semi-detached of brick construction under a tiled roof and is Grade II listed.

Proposition

A fantastic opportunity for either an owner occupier or investor with opportunity to increase rental values.

Tenancies

Ground floor shop/office: Let at £24,000 per annum exclusive till December 2024.
2 Carlow Mews (flat): Let on an AST at £624 pcm.
4 Carlow Mews (flat): Let on an AST at £644 pcm.
6 Carlow Mews (office): Let at £4,800 per annum exclusive.

Location

• Central Woodbridge
• Ground floor shop with rear office
• Two flats above
• Total Internal Area of retail – 1346 sqft

Accommodation

The retail property is arranged over ground floor level with the following approximate floor areas:
Frontage: 10.61m 35ft
Depth: 6.66m 22ft
Sales Area: 94.8m2 1020sqft
Ancillary: 39.2m2 422sqft
Total Net Internal Area: 1346sqft

Business Rates

We understand that the property has the following rating assessment from 1st April 2024:
Rateable Value: £16,250.00
Rates Payable (24/25) £8,108.75
The above figures do not take into account any rates relief for qualifying occupier.

Planning Information

We understand that the property benefits from Use Class E and the flats are council tax band A but interested parties should make their own planning enquiries.

Terms

The property is offered freehold subject to the existing tenancies and offers are sought in the region of £725,000 (seven hundred and twenty five thousand pounds).

Property Address

18 Church St, Woodbridge IP12 1DH, UK

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