Retail in Old Buckenham available for sale
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Retail Properties for Sale near Old Buckenham, UK

Retail Properties for Sale Within 5 miles of the Old Buckenham, UK

More details for 14 Market Pl, Hingham - Retail for Sale

14 Market Pl

Hingham, NR9 4AF

  • Retail for Sale
  • £195,000
  • 825 sq ft
  • Smoke Detector

Hingham Retail for Sale

14/14a Market Place comprises a Grade II listed mixed-use property situated in the picturesque town of Hingham. The ground floor shop has large display windows fronting the Market Place/B1108 and an open plan retail space with steps splitting the accommodation. The shop also has a teapoint, wc and storage cupboard, with access to a small rear courtyard. To the front of the property is a passageway and separate entrance to the first-floor studio flat. The self-contained first floor studio flat has maintained its character with the charming beamed bed/sitting room, but with modern touches. A modern kitchenette is fully fitted with units, under counter fridge/freezer, microwave oven and induction hob. The shower room has recently been refitted with a new suite and electric shower. The property is heated with new Ducassa electric radiators. We are instructed by our client to seek offers in excess of £180,000 for the freehold interest of the property. The shop is currently unoccupied having previously been a tea room/café. The flat is occupied under an assured shorthold tenancy which commenced in November 2024 for £475.00 pcm (£5,700 p.a). The property is held on 2 Land Registry titles: NK454706 & NK169547. There is a shared hallway which provides access to the studio flat and the adjacent 1 Norwich Road (a neighbouring property not included in this sale).

Contact:

Durrants

Property Subtype:

Shopfront Retail / Residential

Date on Market:

03/07/2025

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FAQs about Retail property for sale in Old Buckenham

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in Old Buckenham?
There are currently 0 Retail Properties available for sale near Old Buckenham. These Old Buckenham Retail Property listings have an average size of. The largest available listing in Old Buckenham is. The thriving commercial centre and excellent transport links in Old Buckenham make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Old Buckenham?
The average price/SF for Retail Property for sale in Old Buckenham is about. The cost per sq ft for Retail Property in Old Buckenham ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Old Buckenham?
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 Old Buckenham?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in Old Buckenham 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 Old Buckenham, UK

With 0 retail units currently available for sale in Old Buckenham, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Old Buckenham, 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 Old Buckenham, 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 Old Buckenham 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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