Deben Meadows, Woodbridge IP12

Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 0

Agent: Nicholas Percival - Colchester Phone: 01206 988250

<strong></strong> <strong></strong> Two, first floor flats let by way of Assured Shorthold Tenancies (ASTs) producing £16,200pa.<br />Ground floor comprises commercial accommodation (suitable for a variety of uses), divided into two rooms totalling 733 sq. ft.<br />Parking and garden, laid to lawn measuring approximately 541 sq. ft.<br /> <br /><br /><strong>LOCATION</strong> <strong>&</strong> <strong>SITUATION</strong> <strong></strong> Melton is an attractive village, located approximately one mile to the north-east of the historic and affluent market town of Woodbridge, with an approximate population of 3,720.<br /><br />From Woodbridge proceed along Melton Hill (B1438) for approximately 0.75 miles, the entrance to the Deben Meadows development will be found on the right hand side.<br /><br />The property is situated at the entrance to the new Deben Meadows development which comprises 54 houses, apartments and business units, set well back from the B1438.<br /><br />Nearby commercial operators include the Coach and Horses public house, Melton Produce Convenience Store, Petrol Station with Spar and Costa Express shop and FS Tyre & Service Centre.<br /><br />The Smithfield Industrial Estate is also home to a range of other businesses.<br /> <br /><br /><strong>THE</strong> <strong>PROPERTY</strong> <strong></strong> The property comprises a two-storey, purpose-built, mixed residential and commercial building of brick and block cavity wall construction with part timber clad first floor elevations and part facing brick elevations, all under a pitched roof. Construction of the property was completed in 2021 as part of the wider Deben Meadows development.<br /><br />Internally the property comprises a self-contained, ground floor commercial unit suitable for office / professional services occupiers, and two self-contained, one-bedroom flats at the first floor with shared entrance lobby / stairwell.<br /><br />Externally, the property benefits from a total of 5 car parking spaces and a fenced, lawned garden.<br /> <br /><br /><strong>GROUND</strong> <strong>FLOOR</strong> <strong>COMMERCIAL</strong> <strong>UNIT</strong> <strong></strong> The ground floor is arranged as a self-contained business unit benefitting from prominent positioning with frontage on to both Deben Meadows and The Brooks, a fully glazed shop frontage to part and both front and rear access.<br /><br />Internally, the unit has been divided into two rooms and finished to a shell ready for a tenant or owner occupiers fit out with painted walls, LED lighting, power outlets, smoke alarms and concrete floor. The premises benefits from kitchenette / tea point facilities comprising modern wall and base units, stainless sink and drainer unit and space for fridge/freezer and WC facilities.<br /><br />The ground floor is capable of being separated into two offices / commercial units sharing the centrally located WC facilities.<br /><br />In total, the ground floor extends to 68.10m2 (733 sq. ft.).<br /><br />Externally, the property also benefits from a good sized garden (approx. 541 sq. ft.), laid to lawn. There is space for three cars on the blockpaved area in front of the property accessed from Deben Meadows road.<br /><br />The vacant commercial unit at ground floor presents an attractive business opportunity for either an owner occupier or investor.<br /> <br /><br /><strong>RATEABLE</strong> <strong>VALUE</strong> <strong>|</strong> <strong>BUSINESS</strong> <strong>RATES</strong> <strong></strong> The ground floor property has not yet been assessed for business rates. <br /><br />We anticipate the rateable value will be less than £12,000 therefore occupiers may be able to benefit from small business rate relief.<br /> <br /><br /><strong>1</strong> <strong>&</strong> <strong>2</strong> <strong>THE</strong> <strong>BROOKS,</strong> <strong>MELTON,</strong> <strong>WOODBRIDGE</strong> <strong>IP12</strong> <strong>1FT</strong> <strong></strong> To the side of the property is a communal entrance foyer with staircase to first floor landing which serves both flats.<br /><br />Each flat extends to approximately 41.99m2 (452 sq. ft.) and is arranged to provide an entrance hall, open plan kitchen/dining/living area and one-bedroom with ensuite shower room.<br /><br />The kitchens are modern handle-less styles and have been fitted with integrated BOSCH appliances including oven, electric induction hob and extractor hood as well as NEFF fridge / freezer. The bedrooms have built-in wardrobes and the en-suite shower rooms comprise corner shower cubicle, WC, wash hand basin and chrome heated towel rail.<br /><br />The flats also benefit from gas central heating, Juliet balconies and a shared bin store. Externally, each flat has the use of 1 allocated parking space.<br /><br />Council Tax Bands A<br />EPC Ratings C 80<br /> <br /><br /><strong>TENANCIES</strong> <strong></strong> Together, the first floor flats produce a gross income of £16,200 per annum.<br /><br />1 The Brooks<br /><br />Let to a private individual on Assured Shorthold Tenancy (AST) at £675pcm (£8,100pa).<br /><br />2 The Brooks<br /><br />Let to a private individual on an Assured Shorthold Tenancy (AST), expiring 24 Jul 2023 (holding over) at £675pcm (£8,100pa).<br /> <br /><br /><strong>ENERGY</strong> <strong>PERFORMANCE</strong> <strong>CERTIFICATES</strong> <strong></strong> Copies of the certificates area available by request or can be found on the GOV.UK non-domestic and domestic energy performance certificate registers. <br /><br /><strong>SERVICE</strong> <strong>CHARGE</strong> <strong></strong> The owner of the property will be a member of the management company which is responsible for the landscaping, road maintenance and street lighting on the estate. <br /><br />It is estimated that these costs will amount to circa. £800 per annum. Please note this is an estimate only and service charge costs are subject to change in the future.<br /><br /> <br /><br /><strong>TENURE</strong> <strong></strong> FREEHOLD <br /><br /><strong>GUIDE</strong> <strong>PRICE</strong> <strong></strong> Offers are invited in the region of £385,000 stc (Three hundred and eighty-five thousand pounds, subject to contract). <br /><br /><strong>VAT</strong> <strong></strong> The property has not been elected for VAT, therefore VAT will not be applicable. <br /><br /><strong>LEGAL</strong> <strong>COSTS</strong> <strong></strong> Each party will bear their own legal costs in relation to any transaction. <br /><br /><strong>ANTI-MONEY</strong> <strong>LAUNDERING</strong> <strong>REGULATIONS</strong> <strong></strong> Anti-Money Laundering Regulations require Nicholas Percival to formally verify prospective purchaser's identity, residence and source of funds prior to instructing solicitors. <br /><br /><strong>VIEWINGS</strong> <strong></strong> Strictly by prior appointment with the sole agents, Nicholas Percival Chartered Surveyors.<br /><br />Ref. C5599