tenanted shop and studio in need of remedial repair

Tenanted shop producing £350pcm plus vacant studio flat We are selling the freehold of this Grade II listed town centre property which comprises of a hairdressers currently let producing an income of £350 pcm (£4,200pa), a vacant studio flat and a further flat which has been sold off on a long lease. The property does require some updating and repair, however would make an excellent investment opportunity. Bungay is a thriving market town well served by a comprehensive range of shops, schools and recreational facilities.

Tenure

Freehold

Description

Ground Floor

Two main shop areas, W.C, rear access to the upper floors

First Floor

Vacant studio flat, one bedroom flat sold on long lease

Outside

Parking space to rear

Note

The flat, 2 Upper Olland Street, is also being auctioned separately with a guide of £60,000 (Lot X).

Viewing

Open days - dates and times to be confirmed

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

Waveney District Council. Tel: 01502 562111

Solicitors

Notary Express, The Paddocks, Silfield Road, Silfield, Wymondham NR18 9NJ, Ref: Mr Meddick, Tel: 01953 711609

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.