Retail in IP31 available for sale
1

Retail Property for Sale near IP31, Bury St Edmonds

Find Retail Property for sale in IP31 that meets your business or investment goals

More details for 21 High St, Ixworth - Retail for Sale

21 High St

Ixworth, IP31 2HH

  • Retail for Sale
  • £210,000
  • 413 sq ft
  • Smoke Detector

Ixworth Retail for Sale

A mixed-use property comprising a ground floor shop with access off the High Street and a let one bedroom flat over the shop, with its own separate side entrance and integral garage. The property was a former Post Office and still retains an operational Royal Mail post box set in the buildings façade. The last commercial tenant was formally a pizzeria and the shop has had various Class E uses over the years. There is a flying freehold with part of the apartment being over the property adjacent property. There is also a cellar which is accessible from the shop. The property lies on the High Street of the sought after village of Ixworth, just 6 miles from Bury St Edmunds. Ixworth is a particularly well served village having a range of shops, hairdressers, doctors surgery, school, church, village hall, library and fire station. Various eating establishments such as pubs, takeaways and a café. Just under 3 miles away can be found the Wyken Vineyard with its notable restaurant, regular farmers markets and events. There is a wide range of schooling nearby Ixworth Primary School (3-11), Ixworth High School and Thurston Community College (11-18), University of West Suffolk at West Suffolk Collage for further education. Nearby for private schooling is South Lee School and Culford School. The property is available for sale freehold at a guide price of £210,000 or the ground floor shop is available to let at £7,500 per annum. The flat is currently occupied on a periodic tenancy with a rent of £795 per calendar month (£9,540 per annum). The Landlord would consider letting the shop for an initial term of 3 years with the lease to be contracted outside of the Landlord and Tenant Act 1954. A deposit will be held by the Landlord equivalent to three months rent. With the rental income being part commercial and part residential this represents a considered low risk income stream. We understand mains electricity, water and drainage are connected. These services are shared between the shop and flat. (Durrants have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order).

Contact:

Durrants

Property Subtype:

Shopfront Retail / Residential

Date on Market:

25/09/2024

Hide
See More

Retail Properties for Sale Within 10 miles of the IP31, Bury St Edmonds

More details for 3 Norse Av, Hartest - Retail for Sale

The Red Horse - 3 Norse Av

Hartest, IP29 4RN

  • Retail for Sale
  • £450,000
  • 3,424 sq ft
See More
More details for 88-89 Risbygate St, Bury St Edmunds - Retail for Sale

88-89 Risbygate St

Bury St Edmunds, IP33 3AQ

  • Retail for Sale
  • £2,250,000
  • 39,314 sq ft
See More

FAQs About Retail Property For Sale in IP31

See All Retail Spaces For Sale
How many retail properties are currently available for sale in IP31?
There are currently 1 retail properties available for sale. Sizes range from to , with an average size of. Available opportunities may include high street shops, retail units, shopping centre space, neighbourhood parades and mixed-use investments.
How much does retail property cost in IP31?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Values are influenced by factors such as location, footfall, tenant strength, lease terms and the overall condition of the property.
What factors influence retail property values?
Location is often the most important factor, alongside footfall levels, tenant quality, lease length, rental income, nearby occupiers and local market conditions. Properties with strong trading locations and established tenants may attract greater investor demand.
What sizes of retail property are available?
Available properties range from to , with an average size of. Opportunities may suit independent retailers, owner-occupiers, investors and larger multi-site operators.
What are the benefits of investing in retail property?
Retail property can provide long-term rental income and the potential for capital growth. Well-located assets with established tenants may offer predictable income streams, while properties with redevelopment or alternative-use potential can provide additional opportunities for value creation.
What risks should I consider before buying?
Potential risks include tenant vacancy, changing consumer behaviour, local competition, economic conditions and shifts in retail demand. Understanding the strength of the location and the sustainability of rental income is an important part of any acquisition decision.
How does lease length affect investment performance?
Longer leases can provide greater income certainty, while shorter leases may offer opportunities for rent growth or repositioning. Investors should review rent review provisions, break clauses and tenant obligations when assessing an asset.
What types of tenants occupy retail property?
Retail occupiers can include national retailers, convenience stores, restaurants, cafés, health and beauty businesses, service providers and independent operators. The mix of tenants can influence both investment performance and future demand.
Can a retail property be used for other purposes?
Many retail premises fall within Use Class E, which may allow a degree of flexibility between retail, office, hospitality, health and other commercial uses. However, any proposed change of use should be confirmed with the local planning authority.
What due diligence should I carry out before buying?
Buyers should review leases, tenant covenant strength, service charge arrangements, planning permissions, title documents, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax (SDLT), legal fees, surveys, finance costs, insurance and any refurbishment or maintenance works that may be required.

Discover More Retail Properties for Sale in the IP31, Bury St Edmonds

With 1 retail units currently available for sale in IP31, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in IP31, 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 IP31, 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 IP31 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

LoopNet - the worlds No. 1 commercial property marketplace.