For Sale by Auction - Auction Date 30/05/2024. Two adjacent freehold lock-up shops centrally located in the busy market town of Beccles. No.2 Smallgate provides floor space of 85.91 SqM and No.4 Smallgate provides around 30 SqM of floor space. Vehicle accessible yard space to the rear of the shops provides around 57 SqM of outside space is included.

OVERVIEW The property is entered into our partner auctioneers, SDL Property Auctions, online live-stream national auction event 30/05/2024, unless sold prior. Pre-auction offers will be considered on the condition that any sale agreed is contracted under unconditional auction contract The auction is unconditional (immediate binding contract under the fall of the gavel with 28 day contract completions thereafter).

Two adjacent freehold lock-up shops centrally located in the busy market town of Beccles. No.2 Smallgate provides floor space of 85.91 SqM and No.4 Smallgate provides around 30 SqM of floor space. Vehicle accessible yard space to the rear of the shops provides around 57 SqM of outside space is included.

Unit - No.2, Smallgate. For many years has traded as the shop for Michael's Cycles which Incorporated the adjacent space, namely No.4. In August 2016 the shops where internally separated with No.4 being leased. The owner of the Michael's Cycles business is moving to retirement and this is the driver for selling this pair of lock-up shops. This units will therefore be presented as vacant upon completion of a successful sale.

Unit - No.4 Smallgate. This is currently let on a 1954 Landlord & Tenant Act lease, running from 1st August 2016. The tenant trades as a successfully establish and highly regarded fish mongers. The rent achieved is currently £550 pcm (£6,600 pa). No rent arrears.

The freehold yard space sited behind the shops is included in this sale. It should be noted that non of the yard space is included under the tenancy on No.4. The seller would consider renting the yard space back from a successful purchaser, should it not be required.

Above these freehold shops is a leasehold residential apartment (2A Smallgate), whilst this is not under the same ownership of of 2 & 4 Smallgate or offered by our agency, it is currently being offered for sale. This is mentioned as the timing could be right for the potential acquisition of the whole site.

It should also be noted that Smallgate is a mixed area of both commercial and residential property, therefore potential exists, subject to planning, for No.2 to be converted into residential which would have parking and town garden space provided by the current yard space.



SPECIFICATION

No.2 Small Gate

> Main Shop Space: Split level with front window area being 4.79m x 4.34m and rear trading area 9.9m x 3.98m
> Office / Workshop / Washroom: 3.67m x 3.00m
> Store: 4.00m x 3.7m

Yard: 9.14m x 6.09m hardstanding with vehicular access and parking.

Unit - No.4, Smallgate

> Front Shop Space: 17.92 SqM
> Preparation Room: 10.74 SqM
> Washroom: 2 SqM

LOCATION The property is situated just off the central retail New Market with road connections from Station Road and Smallgate via Exchange Square. This is a predominantly shopping thoroughfare with busy road frontage leading through to the Quay and the Station.

Beccles has a population of around 10,000 and is expanding with projected 1,500 new houses to be built under the Local Plan proposals. Beccles is an important Market Town in the Waveney River Valley. The river has a direct connection with the Broads Waterway system and is tidal at Beccles. Beccles has an excellent range of independent shops with high occupancy rate and is probably one of the most attractive towns in North Suffolk. As one might expect there are schools for all age groups, dentists, veterinary and medical practices. Norwich 18 miles with mainline rail link to London Liverpool Street. Ipswich 40 miles with its rail connection to Beccles via the Lowestoft line.

VIEWING On-Site Viewing Strictly by appointment. Call 01502 558538

DIRECTIONS For SatNav use NR34 9AB. If using 3Words Navigation search: 'crusaders.years.dragging'

GENERAL Method of Sale: Unconditional Auction. Auction date 30/05/2024. The property is entered into our partner auctioneers, SDL Property Auctions, online live-stream national auction event 30/05/2024, unless sold prior. Pre-auction offers will be considered on the condition that any sale agreed is contracted under unconditional auction contract The auction is unconditional (immediate binding contract under the fall of the gavel with 28 day contract completions thereafter).
Tenure: Freehold.
Possession: No.2 to be offered with vacant possession upon completion with No.4 being sold as a commercial tenanted investment.
Local Authority: East Suffolk Council
Services: Mains water, electricity and drainage
Energy Performance Rating:No.2 'C' | No.4 'B'
Certification | Reports | Warranties: None advised.
Easements | Wayleave | Rights of Way: Right of Way provides walking access to the East side of No.2 for use by residential neighbours behind and above.
Declarations: None advised.
Broadband Check: According to https://checker.ofcom.org.uk/ 'Standard' & 'Superfast' broadband is available from Openreach, EE and 3, in this property's location.

AUCTION DETAILS

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees - Fees stated below are inclusive of VAT.

The following deposits and non- refundable auctioneers fee apply:

- 10% deposit (subject to a minimum of £5,000)

- Buyers Administration Fee: £1500.00

- *Buyers Fee: £1650.00

*The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page https://www.sdlauctions.co.uk/.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

AGENTS NOTES (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied on. (2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order. (3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property. (4) Photographs shown within these details have been taken with a camera using a wide-angle lens. (5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. (6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed. (7) Living Property comply with the General Data Protection Regulation (EU) 2016/679 ("GDPR") please visit our website www.livingproperty.co for our Privacy Statement, Subject Access Requests can be submitted to dataprotectionmanager@livingproperty.co. (8) Living Property are members of The Property Ombudsman scheme, Membership Number: D6837 https://www.tpos.co.uk/ for lettings & property management activities. Sales & Auction activities regulated under the Property Redress Scheme, Membership Number: PRS029328 https://www.theprs.co.uk/ (10) Sales: Living Property is a trading name of Living Property Sales & Auctions Ltd, whose registered company number is 13033371.Lettings: Living Property, is a trading name of Living Property Waveney Lettings & Management Ltd, whose registered company number is 6844815 (11) Both registered Office Address - Gate House, Hungate, Beccles, Suffolk NR34 9TL.