Property for Auction in East Anglia - [Print Version]

Auction Date:

Wed 26/03/2025

Start Time

11:00

Property Type:

Mixed Use

Offering this mixed use site situated on the north side of the city of Norwich. Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp). Pegasus Models currently occupy both shops and have been running a successful business for many years. There is a large car park serving the shop which leads to a garage/workshop currently let to a mechanic servicing and maintaining vehicles. Above the shop there are two, one bedroom flats currently let on ASTs. The total income of the whole site is £42,540 pa. Viewings can be arranged by prior appointment. Shop producing £1,450 pcm Flat 1 £700 pcm Flat 2 £800 pcm Garage £595 pcm

Shop

Two retail areas, cellar divided into two, kitchen, office, storage unit to rear. Currently producing £17,400 pa, £1,450 pcm

Flat 1

Currently let producing £8,400 pa, £700 pcm

Flat 2

Currently let producing £9,600pa, £800 pcm

Garage/Workshop

Situated to the rear of the building there is a large workshop with parking area. Currently let producing £7,140pa, £595 pcm

Outside

There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning.

Business Rates

The current rateable value according to the government website is £18,750

Council Tax Band

Flats - A

Tenure

Freehold

Local Authority

Norwich City Council

Solicitors

Spire Solicitors LLP (Norwich), Ref:Tracy Guest, Tel:01603 886221

Floor Plan

Location Map