A substantial mixed use property comprising of a double fronted shop (2,700 sqft ground floor) and 4 flats all let producing a combined income of £38,800.

This prominent mixed use property comprises of two shops currently combined as one business, the commercial space extends to 2,700 sqft. The upper floors include 2 x two bedroom flats and 2 x one bedroom flats. All are fully let and the combined income is £38,880 per annum. There may be future development potential to add a number of further residential units (subject to planning permission). This is an excellent investment opportunity with some considerable uplift potential.

Tenure

Freehold

Accommodation and tenancies

Commercial space: Ground Floor: Double shop unit Let till December 2024 Income £12,000 First Floor: Store, wc Flats: 1 - One bedroom £535 pcm Periodic tenancy 2 - Two bedroom £595 pcm Fixed tenancy until 21st Nov 24 3 - One bedroom £535 pcm Periodic tenancy 4 - Two bedroom £575 pcm Periodic tenancy Total income £3,240 pcm £38,880 pa

Business Rates

1 April 2023 to present: £12,750

Council Tax Band

A

Viewings

The next viewings are on Tuesday 15 October and Monday 21 October. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating Please refer to legal pack

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

EG Law, Unit 3, Anastasia House, Ref: Debbie Everett, Tel: 01508486462

Additional Fees

Buyer's Premium - £1200 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.