Commercial investment producing £8,600 pa Land and buildings on 0.06 acre site

An area of land and buildings extending to around 0.06 of an acre stms. It is let to a long established motor engineer tenant who has been in occupation for around seven years at a rent of £500 pcm (£6,000 pa) for the main workshop unit A and £2,600 pa for the adjoining storage unit B. The site comprises two adjoining buildings with ample off road parking at the front. According to the Valuation Office website, the workshop and premises has an area of 147 sq/m and a rateable value of £7,100 with effect from the 1st April 2023.

Tenure

Freehold

Note

Please would all interested parties register their interest with the Auctioneers in order that they may be kept up to date with any developments.

Unit A

Measures around 41 ft x 30 ft = 1,230 sq/ft Main workshop, kitchen, wc

Unit B

Measures around 35 ft x 17 ft = 595 sq/ft Storage

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Local Authority

Norwich City Council

Solicitors

HKB Wiltshires (Great Yarmouth), Ref: Samantha Brannigan, Tel: 01493 855676

Additional Fees

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.