Town centre two storey freehold retail unit extending to around 85 sq/m with potential

A well-proportioned mid terrace two storey retail property requiring improvement. The deeds date from 1767 and it has been in the same family ownership for over 60 years. It has been occupied by the same hairdressing tenant for over 20 years with the latest rent being £4,750 pa, however it will now be sold with vacant possession. The property is not listed, however lies within a conservation area close to the Market Place. It has mains water, electricity and drainage. The first floor has been used for storage and may offer some redevelopment potential subject to the necessary consents being obtained.

Tenure

Freehold

Business Rates

According to the valuation office website the shop has an area of 84.9 sq/m and a rateable value of £3,250 with effect from 1st April 2023.

Ground floor

Sales area, kitchen

First floor

Store room

Outside

Covered yard, separate wc

Viewings

Viewings are being arranged and the next one is Thursday 17th October. Please call the Norwich Office to book an appointment

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

Great Yarmouth Borough Council

Solicitors

HKB Wiltshires (Great Yarmouth), Ref: Chelsea Matthews

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.