High Street, Ixworth, Bury St. Edmunds

21 High Street,Ixworth,Bury St. Edmunds,IP31 2HH
  • Guide Price
    £245,000
  • BEDROOMS
    1
  • BATHROOMS
    1
  • LIVING ROOMS
    1

KEY FEATURES

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  • Mixed-Use property investment centrally located in the desirable village of Ixworth
  • Turnkey income opportunity with passing rent of £16,300 per annum
  • Low-risk income stream split between two tenants – residential apartment & commercial restaurant
  • Represents Gross Investment Yield of 6.6%
  • Former Sub Post Office with retained operational Royal Mail post box
  • Benefits from an integral garage
  • Available For Sale FREEDHOLD with tenants in situ

PROPERTY SUMMARY

TURNKEY MIXED-USE INCOME GENERATING INVESTMENT OPPORTUNITY

The property is a former Sub Post Office and still retains an operational Royal Mail post box set in the building’s exterior façade. The accommodation is spread over two floors and is currently divided into: (1.) restaurant/takeaway premises at ground floor level; and, (2.) one-bedroom apartment with separate entrance at first floor level. The property includes the benefit of an integral garage. The combined current passing rent from the Assured Shorthold Tenancy (AST) and Commercial Lease agreement totals: £16,300 per year.

RENT ROLL (per annum):

£9,300 – Apartment
£7,000 – Restaurant
£16,300 – Total

The current commercial tenant, trading as ‘On The Hill’, operates a popular pizzeria with a far-reaching catchment area and is on a 3 year lease term.

LOCATION:

21 High Street is located seven miles to the northeast of the Cathedral town of Bury St. Edmunds and sixteen miles southwest of Diss, which has a mainline rail link to London. The property occupies a central position along the thriving village High Street within the historic conservation area and is situated immediately opposite The Pykkerell Inn public house with its adjacent Court Yard café. Either side the property is a hair salon and ladies dress shop. Local facilities include parish church, fine dining restaurant, café, two pubs, doctors surgery, pharmacy, butcher, general store, village hall with film club, library and popular bowls club. The village hall with its recreational field and sports pitches has a children’s play area. Plenty of family outdoor fun is on offer at nearby Wyken Vineyards with its award winning Leaping Hare Restaurant.