3A Market Street, Beccles, Suffolk, NR34 9AQ

Description

Mixed use investment opportunity: vacant freehold lock-up shop over two floors, with potential for mixed tenure development subject to planning. The property was formerly occupied by a long-standing and well-established butchers, with the sale arising as a result of the proprietor’s retirement. The premises provide an opportunity for an incoming purchaser to acquire turnkey butchery business premises, with the existing fixtures, fittings and equipment included within the sale. The property may also offer potential for alternative commercial use or mixed-use/residential conversion, subject to obtaining all necessary planning consents and statutory approvals.

Accommodation

Ground Floor: Front serving/retail area: 5.42m x 3.16m. Rear preparation room with dedicated refrigeration area: 4.44m x 4.3m. First Floor: Staff rest room and kitchenette: 4.35m x 2.68m. Store Room: 4.28m x 2.39m. WC: 1.56m x 0.97m. Office: 4.34m x 3.2m. Two-storey commercial accommodation with existing butchery fit-out and equipment. Equipment inventory available upon request.

Location

Situated in the heart of the thriving Suffolk market town of Beccles, in central Beccles.

Tenure / Property Information

Investment Analysis

The £150,000 and £147,500 Land Registry sales are freehold terraced properties and are not sufficiently comparable to this vacant two-storey commercial shop. No supported commercial valuation, residential conversion GDV or rental evidence is available.

Investment Snapshot

Strategy Recommendation

Undertake commercial valuation, planning due diligence, inspection of the butchery equipment and full cost appraisal before bidding. Do not rely on conversion potential without consent.

Works Required

No specific defects or refurbishment requirements are evidenced. Retain or adapt the existing butchery fit-out and equipment only after inspection. Any alternative commercial or mixed-use/residential conversion would require planning consent and statutory approvals.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a commercial or residential GDV, rent, works budget and known purchase costs. Conversion potential remains subject to planning and statutory approvals.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is provided, so rent and yield cannot be established. The property is vacant.

Flip Analysis

A flip surplus cannot be calculated. The available sold comparables are terraced freehold properties rather than this commercial premises, and no supported commercial or conversion GDV is provided.

Investor Risks & Due Diligence

• Alternative commercial or mixed-use/residential use requires planning consent and statutory approvals.

• The property is vacant and no passing rent is evidenced.

• The condition, specification and value of the included butchery fixtures, fittings and equipment are not provided.

• Buyer fees and other acquisition costs are unspecified.

• No sufficiently comparable commercial market evidence is supplied.

Recommendation

Undertake commercial valuation, planning due diligence, inspection of the butchery equipment and full cost appraisal before bidding. Do not rely on conversion potential without consent.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, use and guide price, but provides no relevant commercial comparables, rent, works allowance, buyer fees or GDV.