Old Dairy, Hungate Lane, Beccles, Suffolk NR34 9TN

Description

Unique investment. Former dairy site measuring over 5,000 sq/ft with further outbuildings, ten garages, tattoo shop and car parking situated in the heart of Beccles town centre Extraordinary investment opportunity for this former dairy site situated in the heart of Beccles in the popular street area known as Hungate. This generous site offers great scope for redevelopment subject to planning permission and includes a large storage facility on two levels extending to 5,212 sq/ft, ten lock up garages (three of which are let), a detached studio measuring 476 sq/ft, two barns measuring 1,439 sq/ft, one of which is currently tenanted and has served notice to leave. A detached shop is Let to a tattooist and producing £3,380 pa which has potential to be uplifted. The site also houses a walled parking area for multiple vehicles. Further income from garages and storage bring the total current production for the site to £6,452 (£538 pcm) The site would make ideal commercial premises and/or residential flats if planning was sought from the local council. Great opportunity which needs to viewed to be appreciated.

Location

Old Dairy, Hungate Lane, Beccles, Suffolk NR34 9TN. Located in the NR34 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆