High yielding retail investment let to Lloyds Bank and occupying a prominent High Street position. Arranged across ground and first floors, the property is fully let to Lloyds Bank Plc on a 10 year lease expiring 31/10/2028 and producing £25,000 per annum. The property benefits from a rear yard and the tenant also occupies the adjacent unit.
The property benefits from a prominent frontage to Front Street, the principal retail amenity in the town. The street is characterised by a mix of local and national tenants including Costa, Specsavers and Boots. There is also a large Morrisons supermarket to the rear of the property.
Freehold for Sale (May Let) comprising prominent double fronted retail premises with 1st floor office and a 3 bedroom self-contained flat plus detached warehouse to the rear of the property. The premises comes with ownership of part of the forecourt to the front. A former fireplace retailer within an inter-communicating shop space with internal staircase leading to 1st floor office and showroom above one shop and a rear staircase leading to a 3 bedroom flat at 1st floor level above the left-hand shop. The flat is currently let on an AST producing £16,800 pa, the rest of the property is vacant. NB the flat will become vacant at the end of June 2025. The premises would suit an owner occupier, retailer, restaurant, showroom or developer to create a separate residential dwelling from the 1st floor space (subject to planning consent).
Industrial/commercial units for sale – comprising newly constructed double height warehouse units with mezzanine areas that could be used for additional storage, offices or production space. There is good loading and access facilities to the unit. Finished in shell and core condition with high loading bay doors. Large commercial vehicles are restricted to 7.5 tonnes within the courtyard area however larger vehicles can be accommodated with kerbside loading on Osier Way. We recommend an early viewing.
Freehold commercial investment arranged over ground and first floor this building is currently being used as a fully fitted dental laboratory and associated office and workspace. A great deal of expense has been employed in fitting out the space. The premises incorporate a WC, kitchenette area and storage. The current tenant has been in occupation for approximately 13 years. The premises have been completely refurbished within the last few years.
Freehold office building with planning to extend to 3rd floor – comprising wide fronted office building arranged over ground and first floor which has been internally divided to create two offices, one arranged over part of the ground floor and the other over ground and first floor. There is a meeting room, 2 WC’s, kitchen area and reception at ground floor level. The premises have gas central heating throughout (not tested). Planning permission has been obtained to create a third floor to the building for additional commercial space. It is thought, however, that the building could be converted to residential, vertically separated to create two houses or sub-divided to create alternative residential or commercial accommodation subject to planning consent. The property includes four parking spaces within Accommodation Road that are part of the freehold title.
Residential development opportunity – the existing property comprises a single storey salesroom and forecourt adjoining a cleared site which was previously occupied by The Avenue Public House. The public house was demolished in May 2021 to facilitate the redevelopment of the site. Part of the site is subject a tenancy at will paying £18,000pa which can be terminated at any time. The remainder of the site is occupied by a tenant on a 5-year lease which can be terminated by giving 20 working days’ notice. Overall the site area extends to approximately 1.09 acres with frontages onto Eastern Avenue (A12), Hertford Road and Brook Road.
Office/storage/warehouse/yard – comprising single storey, brick built building which has office/storage use and is flexible for a variety of trades. There is a large yard area for parking. The building has air conditioning/heating (not tested). A viewing is highly recommended.
Ground floor lock-up shop within a busy parade which previously traded as a boutique. The premises have access via the front and rear. The shop has E use and is suitable for a variety of trades.
Ground floor lock-up shop. The shop is currently partitioned into various areas/offices but could be opened up to create one large space. The premises have a suspended ceiling with inset lighting. We understand the premises have E use so would suit a variety of uses including restaurant. The property is situated with lay-by parking on-street to the front of the property which is pay and display. Above the premises there is a vacant 3-4 bedroom large flat available together with the shop.
Freehold for sale – comprising 2 adjacent inter-communicating shops at ground floor level with 2 self-contained 2 bedroom flats at 1st floor level which are entered via the front of the property. There is a brick built store/double garage/workshop to the rear of one of the properties and open yard with parking to the rear of another one of the properties. One of the flats (above the right-hand shop) has been fully refurbished, the left-hand flat has been partly refurbished and needs a small amount of work to complete the refurbishment. The neighbouring property has built a loft extension and it is thought possible to obtain planning consent to likewise to both properties. There is also potential to extend both ground floor shops over the rear yard, subject to the necessary consent. The entire premises are offered with full vacant possession.
