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From
£190,000
Property for sale
Friars Mead, The Street, Sturmer, Haverhill CB9Local area information
Property location
Nearby amenities
- Place Farm Primary Academy 0.2 miles
- Castle Manor Academy 0.4 miles
- Dullingham 8.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Haverhill to find out more about the local area.
Features and description
- A freehold property
- Ground floor retail unit is let on a lease of 10 years from 2023
- Same tenant since c.1960 t/a Hair Mecanix
- Studio flat above let on an AST protected by the council under a rent guarantee scheme
- Land at the rear also let to commercial tenant
- Planning permission lapsed for a further 2 flats to the rear
- Located on the high street
- Not elected for VAT.
- Investment let at £22,400 per annum (11.78% giy on guide price)
Strapline
Auction Sale - 02/07/2025
A freehold property arranged as a ground floor retail unit with land at the rear and a studio flat above.
Planning permission lapsed for a further 2 flats to the rear.
Investment let at £22,400 per annum (11.78% giy on guide price).
Description
A freehold property arranged as a ground floor retail unit with land at the rear and a studio flat above.
Planning permission lapsed for a further 2 flats to the rear.
Investment let at £22,400 per annum (11.78% giy on guide price).
Please refer to the Accommodation/Tenancy schedule for more information.
Location
The property is located on the North side of Queen's Street, which is accessed from Withersfield Road and Hamlet Road. Nearby occupiers include Costa Coffee, Iceland, Greggs, Papa Johns, Premier and many other independent shops, restaurants and cafes.
Transport
Road links via A143 and A1307.
Tenancy
Ground floor retail unit let to a private individual t/a as Hair Mecanix for a term of 10 years from 2023 for £10,500 per annum paid quarterly. Holding deposit of £2625 (3 months rent).
Additionally, the rear land is currently let to the shop tenant on a licensing agreement for £1,400 per annum paid quarterly in advance.
First floor studio flat let on an Assured Shorthold Tenancy for £10,500 per annum. Agreement is protected by the council under a rent guarantee scheme.
Auction Sale - 02/07/2025
A freehold property arranged as a ground floor retail unit with land at the rear and a studio flat above.
Planning permission lapsed for a further 2 flats to the rear.
Investment let at £22,400 per annum (11.78% giy on guide price).
Description
A freehold property arranged as a ground floor retail unit with land at the rear and a studio flat above.
Planning permission lapsed for a further 2 flats to the rear.
Investment let at £22,400 per annum (11.78% giy on guide price).
Please refer to the Accommodation/Tenancy schedule for more information.
Location
The property is located on the North side of Queen's Street, which is accessed from Withersfield Road and Hamlet Road. Nearby occupiers include Costa Coffee, Iceland, Greggs, Papa Johns, Premier and many other independent shops, restaurants and cafes.
Transport
Road links via A143 and A1307.
Tenancy
Ground floor retail unit let to a private individual t/a as Hair Mecanix for a term of 10 years from 2023 for £10,500 per annum paid quarterly. Holding deposit of £2625 (3 months rent).
Additionally, the rear land is currently let to the shop tenant on a licensing agreement for £1,400 per annum paid quarterly in advance.
First floor studio flat let on an Assured Shorthold Tenancy for £10,500 per annum. Agreement is protected by the council under a rent guarantee scheme.
More information
Listed by
Savills - National Auctions
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