Mixed Use Investment for Auction Felixstowe IP11 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

Guide Price £350,000. A unique opportunity to acquire a fully licensed cafe/bar with 2 flats above. The cafe/bar premises extends to approximately 1,000 sq/ft (93.6 sq/m) with space for around 40 covers. The first floor flat is newly refurbished and ready for immediate occupation, it has been let as an Airbnb on a part time basis over the last 18 months generating £20,000 of income which could easily be enhanced further or tenanted on a standard AST for a fixed term. The second floor studio flat is currently let on a periodic AST to a long-standing tenant at a current rent of £707 per calendar month (£8,484 per annum) increasing to £770 per calendar month (£9,240 per annum) in May 2025.