Investment opportunity to acquire commercial Café with self contained maisonette above

A town centre Grade II listed mid terraced property comprising; let ground floor Café currently occupied on a 3 year lease from the 10th June 2024 with a passing rent of £175.00 per week (£9,100 per annum) and a self contained two bedroomed maisonette above, the tenants have just vacated and were paying £150.00 per week (£7800 per annum) - potential now to re-let. The accommodation is arranged over three floors with a gross internal area of around 200 sq. ms. This property enjoys a strategic location that places it in close proximity to a wide array of the local amenities and natural surroundings. Residents will find themselves within easy reach of shopping centres, dining establishments, recreational facilities and natural surroundings, catering to every lifestyle need and preference.

Tenure

Freehold

Commercial Ground Floor

Entrance door, Cafe seating and serving area, inner hallway, two separate staff toilets, kitchen, storage room. covered courtyard.

FLAT 34A

External staircase to first floor. Entrance door, kitchen, sitting room stairs to second floor two bedrooms and bathroom.

Listing

The property is Grade II listed - List Entry Number: 1246592

Rateable Value

According to the Valuation Office website, the shop and premises are noted as having an area of 85 sq/m (914.92 sq/ft) and has a rateable value of £4,350 with effect from 1st April 2023. The residential part of the property is registered for Council Tax Band A

Viewings

Viewings are being held strictly by appointment only. Please contact the Norwich Office to book your appointment time

Agents Note

Internal inspection has not been made by the Auctioneers at this moment in time and purchasers should rely on their own inspection.

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

Services

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

Local Authority

Great Yarmouth Borough Council

Solicitors

Mantins, Ref: Katie Mantin, Tel: 01502 724750

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - £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.