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Investment

Offers over

£250,000

4 bed property for sale Bridge Street, Framlingham IP13

4 beds
1 bath
2 receptions

Property location

  • Sir Robert Hitcham's Church of England Voluntary Aided Primary School0.2 miles
  • Framlingham College0.3 miles
  • Wickham Market5.5 miles
  • Saxmundham6.3 miles

Features and description

  • Freehold
  • Being sold by online auction
  • Buy-it-now option available
  • Freehold
  • Potential for change of use (stp)
  • Currently rented at £13,000 per annum
  • Cafe & ancillary premises
Being Sold by Online Auction

Starting Bids from £250,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

To book a viewing, please visit

This property is for sale by Modern Method of Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £4,800 including VAT plus an administration charge of £354 including VAT, a total of £5,154. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Property Description

A three-storey freehold café and premises located in the heart of the popular market town of Framlingham. This interesting property would make an excellent rental investment and offers potential for change of use subject to all necessary planning consents.

The property comprises a café and ancillary premises. The property is of brick construction under a tiled roof, with the majority of windows double glazed.

The premises provide a café area with ancillary accommodation to the rear comprising kitchen, storage area and WC. There is also rear access via a door to an open communal courtyard.

On the first floor there are two storage rooms and a shower room with a further two storage rooms located on the second floor. There are also two useful lofts.

Location

Framlingham is best known locally for its fine medieval castle and good choice of schooling with Framlingham College and the Sir Robert Hitchum cevap School and Thomas Mills High School. The town also offers a good selection of shops, public houses and restaurants. The County Town of Ipswich is about 20 miles to the south-west with mainline rail services to London Liverpool Street station taking just over an hour. The Heritage Coast is within easy reach with Aldeburgh within 12 miles and Southwold 15 miles. Snape Maltings is within 10 miles and there is good riding and walking in the surrounding countryside.

Services

It is understood that the property is connected to mains gas, water, electricity and drainage.

Business Rates
The property is assessed as follows:

Rateable Value £4,350
Local Authority
East Coast Council
East Suffolk House
Station Road
Melton
Woodbridge
IP12 1RT Tel:

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

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