COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 01 May 2024 | Lot 41

The Shop, The Street, Long Stratton, Norwich, Norfolk NR15 2XJ

Sold £51,500

  • Shop
  • Tenure: Leasehold. new 999 year lease

Call the team on 01603 505 100 for more information

Auction Date

Wed 01/05/2024

Auction Time

11:00

Auction Venue

Livestream Auction

High yielding commercial investment comprising a let shop producing £6,960 pa

This is a self contained ground floor shop at the front of a Grade II Listed building. It is let on a three year lease with effect from 1st April 2024 to a carpet business at £580 pcm (£6,960 pa). It is in a prominent position located in the village centre opposite the Co-Op.

Tenure

Leasehold. new 999 year lease

Ground floor

Front shop / office, store / staff room, wc

Business Rates

According to the Valuation Office website, the property has an area of 45 square metres and a rateable value of £4,750 with effect from the 1st April 2023.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

South Norfolk Council

Solicitors

Juliet Bellis & Co, Ref: Juliet Bellis, Tel: 01957 733226

Offered in association with

Martin Smith Partnership

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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