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Key Features
- Selling the Freehold only
- Ground floor restaurant
- First floor flat
- Two long term tenants
- Superb location on High Street, Mildenhall
- Two parking spaces to rear for ground floor
Property Details
This prestigious High Street property benefits from a great position on the High Street and the current owners are selling the *Freehold only* with two long term tenants in place. The ground floor is occupied by Cappadocia who are a well established and highly regarded Turkish restaurant with around
70 covers operating both lunch times and evenings. The first floor has a four bedroom apartment extending to around 1,000 SqFt with long term tenants on an assured long term tenancy expiring October 2026.
With a annual income of £37,200 giving a gross yield of 8%.
The tenants are responsible for council tax, business rates and all utilities.
11 High Street (Ground Floor Shop)
The current tenants carry out a stylish and comprehensive refurbishment in 2023 they are currently paying a rent of £2,000 pcm equating to £24,000 pa. They are on a standard repairing lease of 15 years ending in 2033. There is also two parking spaces to the rear.
In more detail the accommodation comprises of:
FLOORSPACE
KITCHEN
TOILETS
11a High Street (First Floor Flat)
The current rent of the flat is £1,100 pcm equating to £13,200 pa. The flat had a comprehensive refurbishment in 2023/2024 and is in excellent condition. Free shopping parking nearby.
The flat is accessed by a staircase to the rear across a flat roof balcony.
In more detail the accommodation comprises of:
HALLWAY
LOUNGE
Sash windows to front
KITCHEN / DINING ROOM
Range of wall and floor based units, sink, gas hob, integrated oven, space for fridge/freezer, sash windows to side
BATHROOM
Low level wc, wash basin, enclosed corner shower, frosted window to side
BEDROOM ONE
Sash windows to front
BEDROOM TWO
Sash windows to side
BEDROOM THREE
Sash windows to rear
BEDROOM FOUR
Sash windows to side
Tenure: Freehold
Heating: Gas central heating
Parking: Two spaces to rear for ground floor
Windows/doors: UPVC double glazing
AGENTS NOTE
1. The internal photos for Cappadocia are stock photos prior to the refurbishment
2. The EPC is 54C, but to reflect this on the EPC graph on the listing we have used 69C.Council Tax
ASK AGENT
Tenure
Freehold
Size
nullsqft
Use Class
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Floor Plan
Local Area
EPC Graph
Send an Enquiry
