Town centre freehold building with vacant shop and ground rent income from two leasehold apartments

A freehold town centre building incorporating a spacious retail area/office, which includes an internal glazed managers office, staff kitchen and shower room/toilet. There is also a cellar and access to significant outdoor space through the passageway on the right side of the building. The building includes two self contained flats which have been sold on a long leases but provide a small ground rent income. This is an excellent investment opportunity or would suit an owner occupier looking for high profile office space close to the town centre. The shop has development potential into a flat and separate shop, subject to planning. North Walsham is a busy market town in North East Norfolk with road and rail links to all major local centres including Norwich and Cromer.

Tenure

Freehold

Ground Floor

Office/retail space with glazed internal office, shower room and kitchen area. Outside space. The two upper flats which have been sold on 125 yr leases from April 2008 produce a ground rent income of £400 pa . The ground rent increases a further £200 every 25 years.

Business Rates

1 April 2023 to present: £11,250

Viewings

Viewings can be arranged and the next date is Thursday 17th October. To book an appointment please call the Norwich office.

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

North Norfolk District Council

Solicitors

Leathes Prior (The Close), Ref: Julia Routledge, Tel: 01603 281169

Additional Fees

Buyer's Premium - £420 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.