2 shops: 1 let producing £8,320 pa, 1 vacant

Commercial Investment producing £8,320pa with further income potential This lot comprises of a let Chinese and Thai takeaway and an adjacent vacant self-contained shop unit. The two units are to be sold as one lot and are located within a busy parade of shops and businesses. 315 Aylsham Road is a single storey shop with tiled roof trades as 'Evergreen' and has been let on a 20 year lease with effect from 6th April 2016 with a current passing rent of £160pw (£8,320pa). 315A is a single storey shop unit with flat roof is vacant and requires refurbishment. According to the valuation office website, No. 315 extends to 55.9sq/m and has a rateable value of £5,400. No. 315A has an area of 26.8sq/m and a rateable value of £2,900. The property would suit an investor.

Tenure

Freehold

Description

315 Aylsham Road

Customer waiting area, service area, kitchen, storeroom, w.c.

315A

Shop, rear store, w.c.

Viewing

Please call the Auctioneers - 01603 505100

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

Chamberlins Solicitors, Victoria Chambers, Beach Road , Lowestoft , Suffolk NR32 1DT, Ref: Mr R Madgett, Tel: (01502) 573241

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.