Retail in NR35 available for sale
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Retail Property for Sale near NR35, Bungay

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Retail Properties for Sale Within 10 miles of the NR35, Bungay

More details for 53-54 Thoroughfare, Halesworth - Retail for Sale

53-54 Thoroughfare

Halesworth, IP19 8AR

  • Retail for Sale
  • £625,000
  • 4,350 sq ft
  • Commuter Rail

Halesworth Retail for Sale

The property has a wide frontage of approximately 19 metres and is partly arranged over three levels to the front and two levels to the rear. The building was originally configured as two separate shops, which have since been combined to form single retail premises, although some areas remain only partially interconnected.<br/><br/>The ground floor provides extensive retail accommodation with a glazed frontage, including a large open-plan sales area within the main section of the building. A single-storey steel frame side extension provides ancillary accommodation, including stores, an office, kitchen, and WCs. To the rear, a further single-storey timber frame glazed extension offers additional retail space opening onto an enclosed, part-surfaced yard.<br/><br/>Access to the upper-floor tenanted flats is provided via a separate, centrally positioned street entrance. Three, one bedroom flats are arranged over the first floor and the fourth, two bedroom flat is at second floor level. The flats are all served by electric heating and are in varying decorative condition.<br/>All four flats are let on residential tenancies and producing a total rental income of £25,860 per annum.<br/><br/>COMMERCIAL ACCOMMODATION<br/><br/>[Approximate Net Internal Floor Areas]<br/><br/> Ground Floor (main retail area): 4,350 sq. ft. (404.09 sq. m.)<br/> Rear glazed extension: 1,184 sq. ft. (109.99 sq. m.)<br/> Rear side store: 839 sq. ft. ( 77.97 sq. m.)<br/> Office and Kitchen 181 sq. ft. ( 16.77 sq. m.)<br/><br/> Total NIA: 6,554 sq. ft. (608.82 sq. m.)<br/><br/>RESIDENTIAL ACCOMMODATION<br/>[Approximate Gross Internal Floor Areas]<br/><br/> Flat 1: 526 sq. ft. ( 48.89 sq. m.)<br/> Flat 2: 652 sq. ft. ( 60.58 sq. m.)<br/> Flat 3: 395 sq. ft. ( 36.72 sq. m.)<br/> Flat 4: 807 sq. ft. ( 75.00 sq. m.)<br/><br/> Total GIA: 2,380 sq. ft. (221.19 sq. m.)<br/><br/>SERVICES <br/><br/>It is understood the property is connected to mains electricity, gas, water and drainage. The property is served by warm air heating as well as air-conditioning to the rear extension.<br/><br/>We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.<br/><br/>LOCAL AUTHORITY<br/><br/>East Suffolk Council East Suffolk House<br/>Station Rd<br/>Melton<br/>Woodbridge<br/>IP12 1RT Telephone:[use Contact Agent Button]<br/><br/>ENERGY PERFORMANCE CERTIFICATE [EPC] <br/><br/>To be provided. <br/><br/>BUSINESS RATES & COUNCIL TAX<br/><br/>According to the VOA, from the 1st April 2026 the premises are assessed as follows:<br/><br/>Rateable Value : £33,250<br/>Rates Payable (2026/2027): £12,701.50 per annum<br/><br/>The Rates Payable referred to above are based on the UBR of £0.382 and assumes the occupier will benefit from Retail, Hospitality & Leisure relief. All interested parties should make their own enquires with the local rating authority in order to verify their rates liability.<br/><br/>All of the four flats are within Council Tax Band A.<br/><br/>TERMS<br/><br/>Offers are invited in the region of £625,000 for the freehold interest , subject to the residential tenancies.<br/><br/>It is believed that the property is VAT exempt although formal confirmation is awaited.<br/><br/>LEGAL COSTS <br/><br/>Each party is to be responsible for their own legal costs.

Contact:

Fenn Wright

Property Subtype:

Shopfront Retail / Residential

Date on Market:

01/12/2025
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FAQs about Retail property for sale in NR35

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in NR35?
There are currently 1 Retail Properties available for sale near NR35. These NR35 Retail Property listings have an average size of. The largest available listing in NR35 is. The thriving commercial centre and excellent transport links in NR35 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in NR35?
The average price/SF for Retail Property for sale in NR35 is about. The cost per sq ft for Retail Property in NR35 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in NR35?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in NR35?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in NR35 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the NR35, Bungay

With 1 retail units currently available for sale in NR35, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in NR35, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in NR35, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in NR35 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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