Summary - 38, MARKET HILL CO10 2EN
1 bed 1 bath Retail Property (high street)
Immediate rental income from retail and four flats in Sudbury town centre.
Large town-centre Grade II listed building with prominent Market Hill frontage
A substantial Grade II listed town-centre building offering a large ground-floor retail unit plus four one-bedroom flats. The retail space includes a prominent timber-glazed frontage, large display windows, a dry basement for storage and active tenancy producing immediate income. The location on Market Hill places the property in Sudbury’s primary shopping area with strong pedestrian footfall and nearby car parks.
The asset is income-producing: the shop is let to Javelin Retail Ltd on a full repairing and insuring lease with approximately eight years unexpired at a passing rent of £30,000 per annum. Four separately let one-bedroom flats provide diversified rental income, producing a current gross income of £63,120 per annum (approx. 9.7% gross yield). Each unit has its own electricity supply and the flats use electric heating.
Important constraints: the lease on the retail unit has only eight years remaining — many mortgage lenders will decline lending on short unexpired terms. The building’s Grade II listed status will restrict alterations and could increase consent times and costs for refurbishment. Crime levels in the area are recorded as high, which may affect tenant demand and insurance premiums.
This property suits a hands-on investor or portfolio buyer seeking an immediately income-producing, centrally located mixed-use building with medium-term rental security and refurbishment potential, provided they accept the listed-status constraints and short lease term on the commercial unit.
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