4 Bed Commercial Property For Sale

For sale by auction on 03/12/2025 at Live Broadcast Auction



Lot Number 8



48-50 High Street

Needham Market

Ipswich

Suffolk

IP68AP



Guide Price:

£250,000 - £275,000



A rare mixed-use investment and redevelopment opportunity in a prominent High Street position. Part Grade II Listed, the property comprises a well-proportioned 1,400 sq ft retail unit, a self-contained three-bedroom duplex apartment, a two-storey store with conversion potential, and an impressive vaulted first-floor hall. Beneath the hall, with its own entrance, is 1 The Courtyard, a well-presented one-bedroom flat. The property also benefits from rear yard space and parking. To be sold with full vacant possession, the site offers clear options to refurbish, reconfigure or comprehensively redevelop (STP), with an indicative scheme for two shop units and up to five one-bedroom flats. Based on local rental values, the completed development could produce a gross income in the region of £60,000 pa.



Tenure: Freehold



EPC: B



PROMINENT HIGH STREET

MIXED-USE FREEHOLD

PART GRADE II LISTED

1,400 SQ FT RETAIL

3 BED DUPLEX + 1 BED

STORE & VAULTED HALL

REDEV TO 2 SHOPS + 5 FLATS

£60,000 PA POTENTIAL YIELD



Open viewings have been arranged for:



By appointment with the Auctioneers



Vendors Solicitors

Mr Robert Jackson

Gudgeons Prentice Solicitors

Buttermarket

Stowmarket

IP14 1ED



How is this property being sold?

This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.



Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.



We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.