Pinkneys Lane, Southwold

Shop with two bedroom holiday accommodation over. Notable corner end of terrace arranged over three floors basement, ground and first floors. Accommodation comprises a ground floor shop (currently let), with basement under with a curved bay detail. The two bedroom first floor holiday accommodation benefits from its own separate side entrance door and views over Southwold including to the beach from the first floor bay window.

LOCATION
The property lies in a prominant location on Pinkneys Lane right in the heart of Southwold.

As ever Southwold is an extremely popular seaside town with visitors throughout the year but those numbers rise very considerably in summer. This charming Georgian town offers so many independent bakers, butchers, delicatessens, art galleries and boutiques supported by restaurants, Public Houses and the famous Swan Hotel at the Market Place. Southwold also being home to the renowned brewery Adnams. The town is on the Heritage East Coast and surrounded by land designated as of outstanding natural beauty.

• Ipswich 26 miles
• Norwich 30 miles
• Halesworth with its rail link to London Liverpool Street 9 miles

DESCRIPTION
Notable corner end of terrace arranged over three floors basement, ground and first floors.

The shop occupying the ground floor and cellar with unoccupied two bedroom holiday accommodation over.

ACCOMMODATION
Accommodation comprises a ground floor shop (currently let), with basement under with a notable curved bay detail. The 2 bedroom first floor holiday accommodation benefits from its own separate side entrance door and views over Southwold including to the beach from the first floor bay window.

ACCOMMODATION
Net Internal Area Sq. m Sq. ft.
Basement 22.3 240
Ground floor shop 81.6 879
First floor holiday accommodation 79.6 856
Total 183.5 1975

SERVICES
Mains electricity, gas (to holiday accommodation only) water and drainage connected. (Durrants have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order)

TERMS
The shop is currently let on a short term license arrangement for £900 Plus VAT per calendar month with the licensee being responsible for internal repairs and paying a service charge for services. The holiday accommodation is unoccupied.

The properties layout is currently being reconfigured so the area which is currently a flying freehold will be taken into the shop floor. These floor plans have been adapted to show this new layout.

There will be a restrictive covenant not to sell food or drink from the property placed on the land registry title.

There is a fire exit from the rear of the shop through the adjacent yard of the Red Lion.

OUTGOINGS
The shop rateable value is £9,600 and the holiday accommodation is £2,400.

VAT
.
The property has been elected for VAT therefore VAT is chargeable on the purchase price. The purchaser will need to make their own enquiries about reclaiming the VAT or de-registering the property for VAT should they wish to.

PLANNING
Our Building Consultancy Team will be happy to provide advice to prospective purchasers on planning applications, architectural design, building regulations and project management. Please contact the team directly on 01379 646603.

VIEWING
Strictly by appointment with the Commercial office, please call 01379 851038 to arrange a viewing.