Investment For Sale, Stowmarket, Suffolk
4 photos
Property ID: 158081
£1,415,000 Freehold
20 Market Place, Stowmarket, Suffolk, IP14 1DW
Type
Investment
Status
Available
Size
4,153 sq ft
Key Features
- Town centre location
- Newly converted flats finished to good specification
- Allocated car parking
- Commercial let to established charity
- Commercial part of property E102
- The property is not listed but is situated within a conservation area.
- The ground floor is held on a 10 year lease to EACH, the flats are currently vacant and being marketed by a local letting agent.
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Description
The property is located on the Market Square in Stowmarket at its junction with Wilkes Way and Crowe Street, in one of the town's principal shopping areas and close to the Meadow Shopping Centre The property is within walking distance of the town's rail station and has several public car parks nearby including Meadow Centre car park. Stowmarket is a popular market town in the Mid Suffolk area along the A14 which provides excellent access to Ipswich approximately 15 miles and Bury St Edmunds approximately 16 miles.
The Property Is A Three-storey Former Banking Hall Of Brick Construction, With A Ground Floor Stone Façade And A Pitched, Tiled Roof. The Property Is Undergoing A Comprehensive Redevelopment To Create A Ground Floor Commercial Unit And 6 Flats From Ground To Second Floor. The Commercial Unit Has Been Finished And Let On A Long-term Lease For Retail Use. The Flats Are Close To Completion And Are Being Finished To A Good Specification With Good Quality Bathroom And Kitchen Fixtures And Fittings, Electric Heating And Instant Hot Water Taps, And Secondary Glazing, With Four Of The Flats Benefitting From Allocated Car Parking Spaces.
The Property Is A Three-storey Former Banking Hall Of Brick Construction, With A Ground Floor Stone Façade And A Pitched, Tiled Roof. The Property Is Undergoing A Comprehensive Redevelopment To Create A Ground Floor Commercial Unit And 6 Flats From Ground To Second Floor. The Commercial Unit Has Been Finished And Let On A Long-term Lease For Retail Use. The Flats Are Close To Completion And Are Being Finished To A Good Specification With Good Quality Bathroom And Kitchen Fixtures And Fittings, Electric Heating And Instant Hot Water Taps, And Secondary Glazing, With Four Of The Flats Benefitting From Allocated Car Parking Spaces.
Location
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