Summary - 14, NEW MARKET NR34 9HB
1 bed 1 bath Retail Property (high street)
Grade II listed high-street freehold with income — ideal for a cash investor comfortable with listed constraints..
Prominent New Market high-street retail frontage
Grade II listed three-storey building with Georgian character
Total approx. 1,405 sq ft across ground and two upper floors
Let to long-standing tenant since 2008; passing rent £12,000
FRI lease in place; subject to Schedule of Condition
Only c.10 years remaining on lease — lenders may refuse mortgage
Listed status and flying freehold restrict alterations
No dedicated parking; small rear yard with outbuilding
This Grade II listed, three-storey retail premises occupies a prominent position on New Market, Beccles’ principal shopping street. The building extends to approximately 1,405 sq ft with a generous ground-floor retail area, upper ancillary rooms and a small concreted rear yard with an outbuilding — a straightforward, well-located high-street investment.
The property is let to an occupier in place since 2008 on a fully repairing and insuring (FRI) lease subject to a Schedule of Condition, producing a passing rent of £12,000. For an investor seeking long-term town-centre income with potential rental reversion, the tenancy provides immediate cashflow and the benefit of a prime retail frontage in an affluent market town.
Material constraints are clear and important: the lease was renewed in 2018 and only around ten years remain, which many mortgage lenders consider short for commercial lending. The building’s Grade II listing and the flying freehold arrangement with the neighbour restrict alterations and may add cost or delay to refurbishment works. There is no parking and the property’s size and layout will suit retail, storage, or mixed-use rather than car-dependent businesses.
In short: an attractive, characterful high-street freehold with existing income and visible long-term upside, best suited to a cash buyer or investor who understands listed-building responsibilities and lease-length implications for finance.
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