For Sale By Auction | 11:00, 11 December 2024 | Lot 29

48 Market Place, North Walsham, Norfolk NR28 9BT

*Guide | £70,000 - £90,000 (plus fees)

  • Shop
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 11/12/2024

Auction Time

11:00

Auction Venue

Livestream Auction

A prominent Grade II Listed freehold retail shop in the centre of town currently let producing £7,200 pa (£600 pcm)

This vacant shop which has an extensive frontage onto the Market Place is currently let for £7,200 per annum on a rolling yearly contract to an established estate and letting agent. The property, which has accommodation over two floors, is situated opposite QD stores and adjoins other established local traders and backs onto the historic St Nicholas church. North Walsham is a busy market town well served by public transport including a railway service linking the town with other major local centres including Norwich and Cromer.

Tenure

Freehold

Ground Floor

Main retail area 25.8 sq/m 277 sq ft, staff kitchen store and w.c., rear access to further outside w.c.

First Floor

Offices or additional retail space 25 sq/m 270 sq ft.

Business Rates

According to the Valuation Office website the premises has a current rateable value of £8,200 with effect from 1 April 2023.

Services

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

Local Authority

North Norfolk District Council

Solicitors

Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £600 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.