Freehold building arranged as ground floor shop let producing £3,720 pa with flat above

This town centre Grade II listed mid terrace property comprises a let ground floor shop and a self contained one bedroom maisonette above on the first and second floor which has been sold off on a 125 year lease from 28th October 2002 with 102 years remaining. The shop trades as Vape Gurus and is let at £310 pcm (£3,720 pa) to a long established tenant, however there is no written lease in place. According to the valuation office website the shop has an area of 29.65 sqm and a rateable value of £2,900 with effect from 1st April 2023. Due to small business rate relief no rates are payable.

Tenure

Freehold

Ground floor (46)

Shop and store room with kitchen and wc in rear single storey modern extension.

First floor (46a)

One bedroom two storey flat on first and second floors above accessed via passageway to side. Not inspected internally.

Council Tax Band (46a)

A

Energy Efficiency Rating (EPC)

Current Rating G

Services

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

Local Authority

Broadland District Council

Solicitors

Spire Solicitors LLP (Norwich), Ref: Charlotte Wright

Additional Fees

Buyer's Premium - £900 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.