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Market Hl 2,059 SF 100% Leased Retail Building Framlingham IP13 9BD $545,145 ($264.76/SF)
Investment Highlights
- Prominent Business Location
- Wide Frontage
- Solid Transport Links
Executive Summary
Offers are invited in the region of £400,000 (Four Hundred Thousand Pounds for the freehold of the property. Unit 1 is let to Collated Limited on an effectively full repairing and insuring lease for a term expiring on 19 June 2028 at a rent of £12,500 pax. The lease contains a tenant break on 19 June 2026. The tenant will receive 1 month rent free if the break is not exercised. Units 2-6 is let to Mark Palmer Portraiture Limited on an effectively full repairing and insuring lease for a term expiring on 21 April 2030 at a rent of £22,500 pax, subject to rent reviews on 22 April 2025 and 22 April 2028. The lease contains a tenant break on 22 April 2028. The flat is held on a long lease expiring 7 April 2113, at a peppercorn.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
2,059 SF
Building Class
B
Year Built
1970
Price
$545,145
Price Per SF
$264.76
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.16 AC
Frontage
19’ on Market Hill
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Market Hl
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