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Under OfferFor sale: POA

Engineering Works & Cottage - 70 & 70a, Nethergate Street, Bungay

Residential, Industrial, Office, Offices , 0.11 Hectares
Property type: Residential, Industrial, Office, Offices
Tenure: Under Offer, For Sale Freehold
Size: 0.11 Hectares
Price: POA
Location: 70 & 70a, Nethergate Street, Bungay, NR35 1HE
Bungay is a small market town in the Waveney Valley forming part of the Broads and with a population of approximately 5,000. It is located on the A143 and is 6 miles from Beccles with its’ train station. Norwich is 40 minutes by car with Bury St Edmunds and Ipswich both an hour away. Clays Printers is a large employer in the town as well as other various industries, including a brewery.

The property is located to the north of the town, close to the A143 and the Clays printing works. The property comprises a 2/3 bedroom residential cottage fronting Nethergate Street, with side access and parking leading to a collection of industrial buildings and yard.
The cottage is a period property with brick elevations and pitched pantile roof. The cottage has modern double glazed windows and doors with electric storage providing heating.
The cottage is currently tenanted on a rolling Assured Shorthold Tenancy (AST) at a rent of £400 per month. The tenant has been in occupation for approximately 10 years.
The engineering works comprise a mixture of industrial buildings and a largely surfaced and enclosed concrete yard.
The main building is made up of two parts. The front section is of brick construction with a single pitch roof. The rear section is steel portal frame with profiled metal sheet cladding to the elevations and profiled tile-effect sheet cladding to the single and double pitched roofs. The building has concrete floors and is divided up into two workshop areas, kitchen, office and stores. There are high level vehicle access doors to both workshop areas.
A second building with brick elevations and a double pitched pantile roof provides office and toilet facilities. There is a further similarly constructed outbuilding used as a store, plus a corrugated metal sheet clad lean-to store.
The industrial buildings are fitted with fluorescent strip lighting.
Parking for approximately 6 vehicles is provided to the left-hand side of the site entrance, in addition to the main yard.
The engineering works are vacant.

Kitchen/ 6.59m x 3.61m (max)
Living Room (21’7” x 11’10”)
Lobby 1.24m x 3.04m
(4’1” x 10’)
Bathroom 1.62m x 3.04m (5’4” x 10’)
Bedroom 1 3.65m x 3.15m (12’ x 10’4”)
Bedroom 2 2.90m x 3.08m
(9’6” x 10’1”)
Bedroom 3/Store 1.92m x 3.14m
(6’4” x 10’4”)
Landing Cupboard 0.82m x 1.43m
(2’8” x 4’8”)
Bedroom 3 has been partitioned to provide a hallway, resulting with there currently being no external window.

Engineering Works
Main building: 259.04m2 (2,788 sq ft)
Office & W/Cs: 22.69m2 (244 sq ft)
Store: 24.40m2 (263 sq ft)

Total (GIA): 306.13m2 (3,295 sq ft)

Total Site Area circa 0.1075 hectares (0.26 acres).

Cottage: F 37
Engineering Works: Workshop G 152, Office G 201

The property is not elected for VAT and is therefore not applicable to the purchase price.

We understand that mains 3 phase electricity, water and drainage are connected. Applicants are advised to make their own enquires with the relevant providers.

The rateable value of the engineering works is £8,200 (source: VOA website).
The cottage is council tax banded B (source: VOA website).
Applicants should confirm with Waveney District Council.

We understand that no. 70a (industrial premises) was operated as an engineering works from the 1980’s until 2007 and then by a civil engineering firm until recently.
The cottage (no. 70) is understood to have been in long established residential use.
Applicants should confirm with Waveney District Council.

Local Authority
Waveney District Council
Riverside 4 Canning Rd Lowestoft NR33 0EQ
01502 562111

Guide Price
The property is available on a freehold basis subject to the existing residential tenancy.
Offers are invited in the region of £375,000.

Contact & Viewings (via agent)

Simon Harvey BSc (Hons) MRICS
07734 603 285
01473 316 562

Anna Schneidau BA(Hons)
01473 316 690
07525 905 727
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