*Guide | £225,000 - £250,000 (plus fees)
- Commercial Property
- Tenure: Leasehold.
Call the team on 01603 505 100 for more information
Leasehold investment opportunity comprising of two shops with office space above and a former bank. The property is currently part let bringing in a income of £18,500 per annum.
This commercial property comprises two shops fronting King Street with office space above these are arranged over ground, first and part basement floors. Fronting Riverside Walk is a third shop arranged over ground floor only. The property also benefits from parking spaces to the rear the property. Currently the property is part let producing £18,500 per annum, if all units were fully let there is the potential to make significantly more. The former pharmaceutical shop is currently vacant, on the ground floor there is a mixture of office space, storage and a kitchen and there are toilets upstairs. The former high street bank is vacant and has a main large room open plan shop area with stairs leading down to the bank safe and toilets. There is additional office space to the rear of the shop area. There is a second entrance leading from Riverside Walk which has refurbished office space upstairs this is currently let bringing in an income of £12,000 per annum. The third shop fronting Riverside Walk is currently let to a gold and antiques shop with a yearly income of £6,500 per annum. The property is leasehold and has 112 years from 29/09/1967. The yearly ground rent is approximately £9,125.00 per annum.
Tenure
Leasehold.
Accomodation
Three shops, a former bank and parking to the rear
Energy Efficiency Rating (EPC)
Current Rating C, D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Breckland Council
Solicitors
J Stifford Solicitors, Ref: Abu Hanif Noman, Tel: 07957611197/ 020 7537 1717
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 - £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.
