Framlingham – The Guildhall, 34a Market Hill
INVESTMENT SUMMARY
• Framlingham is a market town in Suffolk.
• Framlingham population 4,404 (Census 2021)
• Framlingham College, independent boarding and day school for 3-18 ages and ranked “Excellent” and named one of UK’s top schools for cricket (Cricketer Schools Guide 2025), in The Times A level league table placed top boarding school in the Eastern Counties.
• Unit 1 is let to Collated Limited at a rent of £12,500 pax.
• Units 2-6 is let to Mark Palmer Portraiture Limited at a rent of £22,500 pax.
• The flat at first and second floors is sold off on a long lease.
• Offers are invited in the region of £400,000 (four hundred thousand pounds) for the freehold of the property.
LOCATION
Framlingham is a thriving market town in Suffolk, noted for its 12th century castle and medieval parish church, 14 miles from Aldeburgh, 20 miles from Southwold, and 15 miles northwest of Ipswich. Framlingham is well located for both residents and visitors. It is approximately 5 miles from the A12 one of the main arteries into and out of Suffolk. The property is situated on Market Hill which is the location for a wide range of independent shops and restaurants.
ACCOMMODATION
The property provides accommodation on ground, first and second floors. The first and second floors comprise a flat which has been sold off on a long lease. The ground floor is divided into 2 shops, known as Unit 1 and Units 2-6. The approximate floor areas are as follows:-
| Unit 1 | ||
| Ground Floor Sales | 493 sq ft | 45.8 sq m |
| Staff/Storage | 65 sq ft | 6.0 sq m |
| 558 sq ft | 51.8 sq m | |
| Units 2-6 | ||
| Ground Floor Sales | 978 sq ft | 90.8 sq m |
| Studio | 403 sq ft | 37.4 sq m |
| Office | 120 sq ft | 11.1 sq m |
| 1,501 sq ft | 139.4 sq m |
TENURE
Freehold.
LEASE
Unit 1 is let to Collated Limited on an effectively full repairing and insuring lease for a term expiring on 19 June 2028 at a rent of £12,500 pax. The lease contains a tenant break on 19 June 2026. The tenant will receive 1 month rent free if the break is not exercised.
Units 2-6 are let to Mark Palmer Portraiture Limited on an effectively full repairing and insuring lease for a term expiring on 21 April 2030 at a rent of £22,500 pax, subject to rent reviews on 22 April 2025 and 22 April 2028. The lease contains a tenant break on 22 April 2028.
The flat is held on a long lease expiring 7 April 2113, at a peppercorn.
The leaser provide for full recovery of landlord’s costs.
PLANNING
The properties are currently used as retail within Use Class E. The property is
Grade II listed, entry number 1030333.
RATEABLE VALUE
We understand from the Valuation Office Agency website that the property has the following rating assessment:-
| Unit 1 | £7,600 |
| Units 2-6 | £14,750 |
Interested parties are advised to make their own enquiries.
Francis Darrah for themselves and as Agents for the proposed Vendor(s) or Lessor(s) give notice: 1. That they do not make or give either in these particulars or in negotiations or otherwise any warranty or representation whatever in relation to the property. 2. Any plan attached to these particulars is for identification purposes only and all measurements are given as a guide and no liability can be accepted for errors arising therefrom. 3. The property being open to inspection any intended purchaser must satisfy himself as to the accuracy of these particulars and he will be deemed to have full knowledge thereof. 4. No liability can be accepted for any misstatement, omission or errors in these particulars. 5. These particulars do not constitute an offer or Contract or any part thereof.