Retail to let

LOCATION:
Felixstowe is a popular East Anglian tourist destination with a resident population of approximately 24,000 which increases significantly during the summer tourist season. The town's popularity has improved in recent years and is currently experiencing significant new development and investment.
The property occupies a prominent position on the corner of Hamilton Road and Victoria Street. Hamilton Road is the principal shopping district and includes a good selection of national, regional and local retailers. The sea front is a short distance to the south and the Ranelagh Road public car park is to the east.
THE PROPERTY:
The property comprises a substantial building arranged upon ground and two upper floors, together with basement areas to the former bank premises. The building is of brick construction, the main three storey section being under a pitched, tiled roof with flat roofs to the rear single storey and two storey projections. An open surfaced parking area to the rear provides parking for up to 5 double parked vehicles with a further enclosed rear yard providing parking for another 3 vehicles.
The building is divided into three individual self-contained premises as follows:-
18-20 Hamilton Road
The former bank premises arranged upon ground and two upper floors together with two basement areas. The premises are accessed via a street entrance off Hamilton Road with a rear access to the enclosed yard off Victoria Street. The ground floor provides a large banking hall with rear staff room and strong rooms. The first floor is accessed via two internal flights of stairs and provides ancillary offices, staff room and WC facilities. Another flight of stairs leads to the second floor providing further office accommodation.
1 Victoria Street
A large self-contained 4 bedroom maisonette, arranged upon first and second floor levels, accessed via a street entrance off Victoria Street. The premises benefit from good sized rooms with high ceilings and served by gas fired central heating.
3 Victoria Street
A self-contained commercial unit providing an open plan gym, separate studio, rest room, changing rooms and storage.
ACCOMMODATION:
The premises provide the following approximate floor areas:
18-20 Hamilton Road:-
Ground Floor:
Banking hall inc. staff area 304.45 sq m[3,277 sq ft]
Strong room 21.46 sq m[ 231 sq ft]
First Floor:
Offices & staff room 212.19 sq m[2,284 sq ft]
Second Floor:
3 x rooms 69.85 sq m[ 752 sq ft]
Basement:
Strong room, stores & former boiler room
100.76 sq m[1,085 sq ft]
Total net internal floor area708.70 sq m[7,629 sq ft]
1 Victoria Street:-
Ground Floor:
Entrance lobby 7.58 sq m[ 82 sq ft]
First Floor:
Living room, kitchen, WC, utility room, study & bedroom 1
125.63 sq m[1,352 sq ft]
Second Floor:
3 bedrooms & bathroom 76.00 sq m[ 818 sq ft]
Total gross internal floor area209.21 sq m[2,252 sq ft]
3 Victoria Street:-
Ground Floor:
Gymnasium, studio, changing rooms, rest room & storage
Total net internal floor area 87.30 sq m[ 940 sq ft]
TENANCIES:
In the event of a sale, the property will be sold with vacant possession of the former bank premises, but subject to the tenancies referred to below.
1 Victoria Street is currently let on an Assured Shorthold Tenancy at a rent of £725 per calendar month and it is understood that the tenant has been in occupation since 1st March 2010.
3 Victoria Street is let to Suffolk Ladies Fitness Limited, trading as Gymophobics on a business lease for a term of 7 years from 1st July 2011 at a passing rent of £7,500 per annum. The lease expired in June 2018 and the tenants are holding over.
DEVELOPMENT POTENTIAL:
Planning permission was granted on 4 June 2025 for the conversion and extension of the premises to accommodate 8 new residential apartments and the formation of a new self-contained ground floor commercial unit, retaining the existing maisonette and gym (reference DC/24/1710/FUL).
INFORMATION PACK:
An information pack providing copies of the associated planning documents, CIL liability notice and floor plans is available via our website www.fennwright.co.uk/ development.
It should be noted that there are a few discrepancies within the floor plans. Furthermore, interested parties should not rely upon the floor areas referred to within these plans.
SERVICES:
We understand that the property is connected to mains electricity, water, gas and foul drainage.
We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility companies in connection with the availability and capacity of all those serving the property including IT and telecommunications.
BUSINESS RATES & COUNCIL TAX: 2026:
The premises are assessed as follows:
18-20 Hamilton Road''Bank and Premises''
Rateable Value£34,000
1 Victoria StreetCouncil Tax Band A
3 Victoria Street''Gymnasium & Premises''
Rateable Value£ 6,800
LOCAL AUTHORITY:
East Suffolk Council, East Suffolk House, Station Road, Melton, Woodbridge, Suffolk, IP12 1RT - Telephone: 01394 383789.
ENERGY PERFORMANCE CERTIFICATE RATINGS:
The premises have the following energy ratings:
18-20 Hamilton Road54(C)
1 Victoria Street57(D)
3 Victoria Street68(C)
TERMS:
Offers are invited in the region of £595,000 for the freehold interest in the entire property, subject to the tenancies referred to herein.
Alternatively the former bank premises are available on a new business lease upon terms to be agreed and at an initial rent of £37,500 per annum exclusive.
The property is VAT exempt.
LEGAL COSTS:
Each party is to be responsible for their own legal costs.