Detached house for sale in The Old Forge Cottage And Garage, Norwich Road, Earl Stonham, Stowmarket, Suffolk IP14

For sale by auction on Wednesday, 11 Sep 2024 at 11:00

Venue: Livestream Auction

Business premises with detached four bedroom cottage on 0.42 acres (stms) with development opportunity (stpp)

Located on a busy stretch of the A140 in Earl Stonham, Old Forge Garage and Cottage can’t be missed due to it’s eye catching and bright yellow exterior, and with over 17,000 cars per day passing the site, it’s a fantastic spot for a business that wants to be noticed as well as benefitting from a well presented four bedroom cottage with large garden and off road parking for several cars. The site sits on a total of 0.42 acres.

Garage
There is space on the forecourt for up to 28 cars and due to the high level of traffic passing, 17,000+ each day, this is a fantastic spot to catch the eye of passing motorists. The workshop is currently rented out at £1500 per month on flexible terms, so the new owner has the option to keep the tenants in situ or relocate their own business into the premises. There are two sales offices alongside the workshop, ready for someone to operate a car sales business alongside the mot centre. There are no business rates due to small business rates relief.

Cottage
Old Forge Cottage is a lovely home with beautiful views across the fields to the rear of the property. With original features, this property is set across 3 floors and includes kitchen, lounge with French doors leading onto the garden, bathroom and four double bedrooms. There is extensive land to the side of the property which presents a development opportunity (STPP).

Although the property is ideal for an owner/manager of the garage, it has previously been rented out to long term tenants and therefore could present another potential income stream for the buyer.

EPC Rating: E

Additional Fees
Buyers Premium: £1140 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.