Commercial Property in Kessingland available for sale
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Commercial Property for Sale near Kessingland, UK

Find commerical property for sale in Kessingland that meets your business or investment goals

More details for 302 Church Rd, Kessingland - Retail for Sale

Sailors Home - 302 Church Rd

Kessingland, NR33 7SB

  • Retail for Sale
  • £450,000
  • 3,961 sq ft
  • Energy Performance: C
  • Security System
  • Restaurant

Kessingland Retail for Sale

Investment Consideration: VAT is applicable to this property Comprises ground floor public house with garden and car park and 5-bedroom staff accommodation at first floor. Let on a lease expiring 2030 (no breaks) Tenant in occupation since 2005 Site area of approx. 0.17 ha (0.427 acres) Coastal trading location in holiday destination Occupiers nearby include number of local pubs/restaurants and holiday homes. Property Description: Comprises ground floor public house with garden and car park and 5-bedroom staff accommodation at first floor. The property provides the following accommodation and dimensions: Ground Floor: Bar, Dining areas, Garden and Car Park First Floor: 5-bed staff accommodation Tenancy: The entire property is at present let to BC Poppy, SJ Poppy & PC Poppy for a term of 20 years from 5th April 2010 at a current rent of £25,000 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review in 2025. April 2020 rent review outstanding. Location: Lowestoft is a well-established resort and port located on the North Sea coast. The town is some 38 miles north-east of Ipswich on the A12 and 28 miles south-east of Norwich on the A146. The property is situated on the coast, in the village of Kessingland, approximately 5 miles south of Lowestoft. White House Beech Caravan Site is 200 metres from the property and Kessingland Beech and Holiday Park is approximately 500 metres. Occupiers nearby include number of local pubs/restaurants and holiday homes.

Contact:

Blue Alpine Partners Ltd

Date on Market:

14/09/2020

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Commercial Properties for Sale Within 5 miles of the Kessingland, UK

More details for 6-8 Market Pl, Saxmundham - Retail for Sale

6-8 Market Pl

Saxmundham, IP17 1AG

  • Retail for Sale
  • £225,000
  • 1,069 sq ft
  • Energy Performance: D
  • Commuter Rail

Saxmundham Retail for Sale

Prominent High street location. Located in the market town of Saxmundham, Suffolk, 18 miles North East of Ipswich. New letting to Algorial Retail Ltd providing a 10-year lease at £16,750 pa from 24 September 2021. The building provides a well-configured retail unit with an area totalling C. 1,069 sq ft GIA. Market Place is a traditional shopping street in Saxmundham, a small market town in East Suffolk (Pop approx. 4,100 - source: East Suffolk Coastal Local Plan) approximately 12 miles north of Woodbridge and 6 miles west of the coast at Aldeburgh. The county town of Ipswich is approximately 21 miles to the south. The railway station has regular services to Lowestoft and Ipswich from where there are trains to London Liverpool Street. The station is within a 5-minute walk from the property. Saxmundham is located some 8 miles west of Sizewell/Leiston where the Planning Inspectorate and Central Government have approved the construction of Sizewell C which will be an extension to the existing Nuclear Power Station and which will be constructed by EDF. Enabling works have recently commenced which will lead inevitably to increased business and construction activity in the surrounding area. Retail in Saxmundham is focused along Market Place and The High Street. There are very few multiple retailers in the area with a range of independents including art galleries, hairdressers, and small cafes/take-outs. There are two supermarkets serving the town: a Waitrose to the southeast of the High Street and a Tesco on Church Street opposite. 6-8 Market Place is a circa 1840 Grade II Listed building over 3 storeys, comprising a shop at the front with residential accommodation (which has been sold off on a long lease). The shop front has recently undergone significant external redecoration and improvement works. The ground floor to the front has a plate glass display window along the full length of the frontage with windows on the upper floors fitted with single glazed timber frames. There are two small plate glass shop display windows on the ground floor at the front overlooking Market Place. Retail space at 6/8 Market Place is accessed via a recessed shop front situated at no 8 Market Place. The property benefits from mains gas, electric, water and drainage. The building is located in a conservation area and the building is listed. The premise is let to ALGORIAL RETAIL LTD (Co Number: 12879930) on a 10-year FRI lease commencing on 24 September 2021. The passing rent is £16,750 per annum with an open market rental upwards only rent review in year 5. Market Place is let until September 2031 with no breaks leaving an unexpired lease term of 7 years and 8 months. The rent review in year 5 provides the purchaser with an opportunity for rental growth.

Contact:

Graham & Sibbald

Property Subtype:

Local Shop

Date on Market:

08/03/2024

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More details for Main Rd, Carlton - Land for Sale

Main Rd

Carlton, IP17 2NL

  • Land for Sale
  • £2,357,808
  • 7.29 ac Plot
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FAQs About Commercial Property For Sale in Kessingland

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How many commercial properties are currently available for sale in Kessingland?
There are currently 1 commercial properties available for sale. Sizes range from 3,961 sq ft to 3,961 sq ft, with an average size of 3,961 sq ft. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in Kessingland?
The average asking price is approximately £86 per sq ft, with prices ranging from £86 to £86 per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the Kessingland, UK

Market Overview for Commercial Properties in Kessingland

Key information for Commercial Properties investors in Kessingland and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Kessingland £86 3,961 sq ft
Halesworth £109 4,350 sq ft
Saxmundham £159 1,069 sq ft
Leiston £48 12,617 sq ft
Woodbridge £470 31,517 sq ft

Rental Price Trends in Kessingland

The price per square foot range for Commercial Properties in Kessingland and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Kessingland £86 £86 £86
Halesworth £109 £109 £109
Saxmundham £159 £159 £159
Leiston £48 £48 £48
Woodbridge £470 £470 £470

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Kessingland area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Kessingland 3,961 sq ft 3,961 sq ft 3,961 sq ft
Halesworth 4,350 sq ft 4,350 sq ft 4,350 sq ft
Saxmundham 1,069 sq ft 1,069 sq ft 1,069 sq ft
Leiston 5,558 sq ft 12,617 sq ft 24,666 sq ft
Woodbridge 1,202 sq ft 31,517 sq ft 61,831 sq ft

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