House for sale in Hamilton Road, Felixstowe

House - £400,000

Hamilton Road, Felixstowe

First listed on: 03rd November 2020

Nearest stations: Felixstowe (0.6 mi)Trimley (1.6 mi)Harwich Town (3.1 mi)Dovercourt (3.6 mi)Harwich International (4.3 mi)

Interested in this property? Call See phone number 01394 277700

Further Informations

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Property Features

  • Mixed retail/ residential investment
  • Currently producing 26,950 per annum
  • Fully let
  • Town central position
  • Large rear car parking area

Property Description

Tenure: Freehold



INVESTMENT SALE ONLY (Business not affected)

Fully let and currently producing £26,940 per annum

A mixed retail/ residential investment property briefly consisting of a retail unit which has recently been split into two and let to a single occupier. A further retail unit, a large self-contained flat and a large rear parking area. The property overlooks Hamilton Road central triangle close to Crescent Road public car park.

Location    Felixstowe is a popular coastal town in Suffolk with a residential population of circa. 30,000 people. Whilst Felixstowe is known as a seaside tourist destination
and houses the largest container port in the UK,Felixstowe is also now regarded as a well established commercial centre all year round. 111-113 Hamilton Road is located within the heart of Hamilton Road overlooking the Triangle which has occupiers such as
Poundland, Betfred, Tesco's, Specsavers and The Palace Cinema Bingo Hall.

Accommodation    (Please note all areas and dimensions are
approximate)

Description    The property comprise a mid-terrace 2 storey retail
and residential property of solid brick elevation under
a pitched tiled roof. 111 Hamilton Road has been let
to a single occupier who has recently split the shops
into 2 smaller units with communal one rear WC.
111a is large 3 bedroom flat with lounge, kitchen,
bathroom and self-contained access off Hamilton
Road. 113 Hamilton Road comprises an A2 estate
agency with rear storage and kitchenette/WC. To the
rear of the properties and accessed off Penfold Road
is a large rear area for parking.

111 Hamilton Road    Unit 1 The Vape Emporium

Sales area 15.3 sq. m 165 sq. ft.
Rear sales area/storage 12.27 sq. m 132 sq. ft.
Total area 27.6 sq. m 297 sq. ft.

Unit 2 –currently vacant

Sales area 9.87 sq. m 106 sq. ft.
Rear sales area 2.35 sq. m 25 sq. ft.
Kitchen 3.0 sq. m 33 sq. ft.
Rear lobby 1.78 sq. m 19 sq. ft.

Total area 17.0 sq. m 183 sq. ft.

Servicing the above two shops is a shared WC with
lobby and 3 designated car spaces.

111 A Hamilton Road    Kitchen fitted with low
Level cupboards 9.00 sq. m 97 sq. ft.
Front bedroom 1 16.0 sq. m 172 sq. ft.
Rear bedroom 2 14.6 sq. m 157 sq. ft.
Lounge 22.0 sq. m 237 sq. ft.
Bathroom with shower bath
and WC 5.0 sq. m 54 sq. ft.
Bedroom 3 9.4 sq. m 101 sq. ft.

Total Flat area 76.0 sq. m 818 sq. f

113 Hamilton Road    Viking Estate Agency

Sales area 33.2 sq. m 357 sq. ft.
Rear kitchen/amenity area 9.34 sq. m 100 sq. ft.

Total area 42.54 sq. m 457 sq. ft.

Outside to the rear of the property are circa.
4 car spaces

Tenancies    Available upon request

VAT    Vat is not applicable to this property

Disclaimer    These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Services    We understand mains electricity, gas and water are
connected to the property, however we do
recommend all interested parties check with the
relevant statutory authorities.

Price    Offers in region of £400,000 sought for the freehold
interest of this investment which reflects a net initial
yield of 6.47% respectively after allowing for
purchase costs of 4.17%.

Agents Note    In accordance with Section 21 of The Estate Agency Act of 1979, we must declare to all perspective buyers that a member of Leaders staff has a personal interest in this property



INVESTMENT SALE ONLY (Business not affected)

Fully let and currently producing £26,940 per annum

A mixed retail/ residential investment property briefly consisting of a retail unit which has recently been split into two and let to a single occupier. A further retail unit, a large self-contained flat and a large rear parking area. The property overlooks Hamilton Road central triangle close to Crescent Road public car park.

Location    Felixstowe is a popular coastal town in Suffolk with a residential population of circa. 30,000 people. Whilst Felixstowe is known as a seaside tourist destination
and houses the largest container port in the UK,Felixstowe is also now regarded as a well established commercial centre all year round. 111-113 Hamilton Road is located within the heart of Hamilton Road overlooking the Triangle which has occupiers such as
Poundland, Betfred, Tesco's, Specsavers and The Palace Cinema Bingo Hall.

Accommodation    (Please note all areas and dimensions are
approximate)

Description    The property comprise a mid-terrace 2 storey retail
and residential property of solid brick elevation under
a pitched tiled roof. 111 Hamilton Road has been let
to a single occupier who has recently split the shops
into 2 smaller units with communal one rear WC.
111a is large 3 bedroom flat with lounge, kitchen,
bathroom and self-contained access off Hamilton
Road. 113 Hamilton Road comprises an A2 estate
agency with rear storage and kitchenette/WC. To the
rear of the properties and accessed off Penfold Road
is a large rear area for parking.

111 Hamilton Road    Unit 1 The Vape Emporium

Sales area 15.3 sq. m 165 sq. ft.
Rear sales area/storage 12.27 sq. m 132 sq. ft.
Total area 27.6 sq. m 297 sq. ft.

Unit 2 –currently vacant

Sales area 9.87 sq. m 106 sq. ft.
Rear sales area 2.35 sq. m 25 sq. ft.
Kitchen 3.0 sq. m 33 sq. ft.
Rear lobby 1.78 sq. m 19 sq. ft.

Total area 17.0 sq. m 183 sq. ft.

Servicing the above two shops is a shared WC with
lobby and 3 designated car spaces.

111 A Hamilton Road    Kitchen fitted with low
Level cupboards 9.00 sq. m 97 sq. ft.
Front bedroom 1 16.0 sq. m 172 sq. ft.
Rear bedroom 2 14.6 sq. m 157 sq. ft.
Lounge 22.0 sq. m 237 sq. ft.
Bathroom with shower bath
and WC 5.0 sq. m 54 sq. ft.
Bedroom 3 9.4 sq. m 101 sq. ft.

Total Flat area 76.0 sq. m 818 sq. f

113 Hamilton Road    Viking Estate Agency

Sales area 33.2 sq. m 357 sq. ft.
Rear kitchen/amenity area 9.34 sq. m 100 sq. ft.

Total area 42.54 sq. m 457 sq. ft.

Outside to the rear of the property are circa.
4 car spaces

Tenancies    Available upon request

VAT    Vat is not applicable to this property

Disclaimer    These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Services    We understand mains electricity, gas and water are
connected to the property, however we do
recommend all interested parties check with the
relevant statutory authorities.

Price    Offers in region of £400,000 sought for the freehold
interest of this investment which reflects a net initial
yield of 6.47% respectively after allowing for
purchase costs of 4.17%.

Agents Note    In accordance with Section 21 of The Estate Agency Act of 1979, we must declare to all perspective buyers that a member of Leaders staff has a personal interest in this property

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Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
04/11/2020 Property listed at £400,000

Disclaimer

Disclaimer Property reference A5B34AC289CB34_FEL200225. Details are provided and maintained by Leaders. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

94 Hamilton Road

Felixstowe

IP11 7AF

Telephone: See phone number 01394 277700

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Disclaimer

Disclaimer Property reference A5B34AC289CB34_FEL200225. Details are provided and maintained by Leaders. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

94 Hamilton Road

Felixstowe

IP11 7AF

Telephone: See phone number 01394 277700

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