£515,000 Sold STC
Hamilton Road, Felixstowe
A freehold commercial investment comprising of two retail units measuring approximately 1600 sq. ft with a selection of let and occupied offices above and one vacant office on the ground floor at the rear for sale offering a yield of approximately 8% per annum generating an income of about £41,800.
Ideally located in Felixstowe Town centre overlooking "The Triangle" close to a main car park. The offices are almost completely occupied providing a generous income.
The first floor offices are available from £130.00 p.c.m. and the second floor is let as a suite of 4 rooms for £400.00 pc.m. Tenants are responsible for a proportion of electricity and water.
RETAIL UNITS 107 Hamilton Road - Arcadian - Let at approximately £12,500 P.A.
Total floor area - 674 sq.ft
109 Hamilton Road - Morgans - Let at approximately £14,000 P.A.
Total floor area - 764 sq.ft
OFFICE 1A - VACANT 14' 2" x 12' 3" (4.32m x 3.73m) Located on the ground floor with access from the rear of the building. To be for let at £300 P.M. and measures approximately 174 sq.ft with UPVC double glazed windows to the rear.
GROUND FLOOR ENTRANCE FROM HAMILTON ROAD WITH STAIRCASE RISING TO FIRST FLOOR LEVEL First floor landing with staircase to second floor office suite.
OFFICE 1 (MIDDLE OFFICE) - LET AND OCCUPIED 14' 10" x 11' 8" (4.52m x 3.56m) UPVC double glazed bay window overlooking Hamilton Road. Electric storage heater, telephone point, four double power points, fluorescent strip lighting.
RENT £185.00 p.c.m. exc
OFFICE 2 - LET AND OCCUPIED 11' 11" x 11' 8" (3.63m x 3.56m) UPVC double glazed window overlooking Hamilton road, electric storage heater, two double power points, phone points, window blind.
RENT £130.00 p.c.m. exc
OFFICE 3 - LET AND OCCUPIED 11' 8 max" x 11' 11" (3.56m x 3.63m) UPVC double glazed window overlooking Hamilton Road. Electric storage heater, one double power point, phone points, window blind.
RENT £130.00 p.c.m. ex.
OFFICE 4 (REAR) - LET AND OCCUPIED RENT - £130 p.c.m. ex.
SHARED KITCHEN Sink unit, hand basin, hot water heater.
SHARED LADIES/GENTS W.C.
LOBBY Access to fire escape and car park
SECOND FLOOR OFFICE SUITE - LET AND OCCUPIED RENT £400.00 P.C.M. Includes one car parking space
OFFICE 5 11' 11 into window recess" x 8' 11" (3.63m x 2.72m) uPVC double glazed window overlooking Hamilton Road, electric storage heater, phone point, two double power points, window blind.
OFFICE 6 13' 10" x 11' 3 into window recess" (4.22m x 3.43m) uPVC double glazed window overlooking Hamilton Road, electric storage heater, phone points, two double power points., window blind. Door connecting to:-.
OFFICE 8 15' x 8' 8 into window recess" (4.57m x 2.64m) Electric storage heater, two double power points, electric storage heater.
TOILET W. C and wash hand basin
EPC RATING Rating ' ' - ' '
VIEWING Please contact the Vendor's agent Diamond Mills - 01394 282281.
IMPORTANT NOTE The tenant of Morgan's is the vendor of the property and intends to sell the property on the understanding of remaining as a long term tenant in the retail premises.
There is vehicular access and parking available at the rear of the building from Penfold Road.