Corner shop with offices part let producing in excess of £10,000 pa

Prominent end terrace commercial property let producing an income in excess of £10,000pa Located to the north of the city, this prominent commercial premises is currently split into three separate units. Two are currently let producing an income of £10,320pa and the remaining empty unit has previously been used as a hairdressers and could, therefore, enhance the already significant income. Alternatively, the property in the future could be converted to include an element of residential accommodation, subject to obtaining the necessary planning permissions. The property is located on a busy arterial route and is within a mile of the centre of Norwich.

Tenure

Freehold

Description

Ground Floor

Corner Shop Unit with rear studio, kitchen, cloakroom, shower room.

First Floor

Unit 2: Reception area and former hairdressers (currently vacant). Unit 3: Rear studio, waiting room, cloakroom.

Outside

Open forecourt area to front and side. Enclosed rear garden laid to shingle with asbestos storage shed. Space for parking one vehicle.

Tenure

Following the expiry of the existing tenancy agreement, the ground floor is being let on a monthly basis producing £600pcm (£7,200pa). The first floor rear studio is also let on an informal arrangement and producing £260pcm (£3,120pa). The former hairdressing salon on the first floor is currently vacant.

Viewing

Open days - dates and times to be confirmed

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

Norwich City Council. Tel: 0344 980 3333

Solicitors

Fosters, 19 Bank Plain, Norwich, Norfolk NR2 4FS, Ref: Rachel Appleton, Tel: 01603 620508

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.