Commercial Property

An exciting development opportunity in a sought-after location! This property is situated along the bustling London Road in Hadleigh, offering excellent visibility and footfall. It features a spacious ground floor retail unit with first and second-floor offices, providing significant potential for redevelopment.

Key Features:

Prime location along London Road, Hadleigh.
Ground floor retail space suitable for a variety of businesses.
Expired planning permission for conversion of the first and second floors into 8 one-bedroom flats.
Opportunity to reapply for expired planning permission or explore alternative redevelopment options.
Potential to add an additional floor, aligning with nearby 4-storey developments STP.
Excellent transport links and vibrant local amenities.

This property offers a rare chance to secure a versatile asset with strong potential for future growth. Ideal for developers and investors looking to capitalise on the available space and development potential in a highly desirable area.

APPLICATION NO. 20/0270/CPA. Notice of Decision on Application for Prior Approval for Change of use of first and second floors from offices (Class B1(a)) to eight 1-bed flats (Class C3).

The property is located on the London Road A13 at the junction of Ash Road. The property is situated adjacent to the National Tyre Garage and within close proximity to Lidl Supermarket.

Currently arranged as follows:

FORECOURT - Approx. 40' frontage x 30' - 111.48 sq.m.

SHOP/SHOWROOM - Approx. 137.60 sq. m.

COVERED REAR YARD - Approx. 16.83 sq.m.

FIRST FLOOR OFFICES (FRONT SUITE) - Approx. 90.70 sq. m.

FIRST FLOOR OFFICES (REAR SUITE) - Approx. 32.00 sq. m.

FIRST FLOOR GENTS WC

SECOND FLOOR OFFICES - Approx. 129.05 sq. m.

SECOND FLOOR LADIES WC

REAR CAR PARK - 8 spaces.

Tenure

Ground Floor Shop with Forecourt and covered rear yard - tenant is holding over an expired lease at £15,000 per annum; 2 x First Floor Offices are Vacant; Second Floor Office - tenant is holding over an expired lease at £15,000 per annum, with an additional £2,500 per annum service charge.

Business Rates

Shop/Showroom RV - £15,500 First floor offices (front) RV - £9,300 First floor offices (rear) RV - £3,450 Second floor offices RV - £10,750

Legal Costs

Each party are to be responsible for their own legal costs incurred in this transaction.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.