- Substantial Building overlooking market place.
- Main Retail Area 1,939 sq. ft. (180.1 sq. m) with ancillary accommodation on ground, first and second floors.
- Potential to convert the ancillary accommodation to residential use (STP).
- Small rear yard with parking for 2/3 cars.
- Total Net Floor Area 5,231 sq. ft. (486 sq. m).
TO LET OR FOR SALE
Property Location29, Market Hill,
Sudbury CO10 2EN.
The premises are located in a prominent trading location, on the southern side of Market Hill, in the centre of Sudbury, which is an expanding market town with a population of around 22,000 and which serves a much larger hinterland. The property is within walking distance of the town's bus station and town centre car parks, and surrounded by national and local retailers.
The property comprises a substantial Grade II listed building of brick with rendered elevation onto Market Hill, under pitched slated roofs, with timber sash windows. There is accommodation on ground and two upper floors and a basement. To the rear is an attached two-storey building, again of brick this time under a pitched tiled roof, with a small rear yard with parking for 2/3 cars. There is a right-of-way to the property from Hamilton Road, the town's bus station.
On the ground floor, the front part of the property is retail and, to the rear, changing rooms, store rooms, a staff room and two (currently unused) toilets. A door to the front of the retail area leads to a staircase down to a small cellar, divided into two main areas. On the first floor are a series of rooms mainly used as offices, together with toilets and a further staff room, boiler room and stores, and a large room on the second floor divided into two office/meeting rooms.
The property has it's own gas-fired central heating system, supplemented by some electric convector heaters on the first floor and the staff room has air conditioning.
The total net floor areas are as follows:
Ground Floor Retail 1,939 sq. ft.
Changing Rooms/Stores/Staff 595 sq. ft.
First Floor Ten offices/two store rooms 1,769 sq. ft.
Second Floor Two offices 402 sq. ft.
Cellar 526 sq, ft,
Total Net Floor Area 5,231 sq. ft. (486 sq. m).
The property lies within a Conservation Area and within a Principal Shopping Area, however immediately to the east lies a Redevelopment Area and there are prospects for conversion of the upper floors to residential use, subject to formal planning consent.
The property is offered to let on a new full repairing and insuring lease for a term to be agreed, incorporating landlords' upward-only rent reviews every 5 years. The commencing rent is to be £45,000 per annum, exclusive of VAT, rates and all outgoings. Alternatively, the landlord will consider a sale of their freehold interest, with vacant possession, and offers are invited in the order of £700,000.
Under the 2017 Rating List, the property is listed as Shop and Premises with a rateable value of £40,500.
Energy Performance Certificate
The property has an EPC rating of C - 74.
To arrange a viewing or for further information on this accommodation please contact the sole agents, Jon Ablewhite of Morley Riches & Ablewhite, on (01206) 505707, firstname.lastname@example.org .