For Sale By Auction | 11:00, 01 May 2024 | Lot 41

The Shop, The Street, Long Stratton, Norwich, Norfolk NR15 2XJ

*Guide | £40,000 (plus fees)

  • Shop
  • Tenure: Leasehold. new 999 year lease

Call the team on 01603 505 100 for more information

Auction Date

Wed 01/05/2024

Auction Time

11:00

Auction Venue

Livestream Auction

High yielding commercial investment comprising a let shop producing £6,960 pa

This is a self contained ground floor shop at the front of a Grade II Listed building. It is let on a three year lease with effect from 1st April 2024 to a carpet business at £580 pcm (£6,960 pa). It is in a prominent position located in the village centre opposite the Co-Op.

Tenure

Leasehold. new 999 year lease

Ground floor

Front shop / office, store / staff room, wc

Business Rates

According to the Valuation Office website, the property has an area of 45 square metres and a rateable value of £4,750 with effect from the 1st April 2023.

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

South Norfolk Council

Solicitors

Juliet Bellis & Co, Ref: Juliet Bellis, Tel: 01957 733226

Offered in association with

Martin Smith Partnership

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

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.