Commercial investment: Shop and ground rent producing £4,950 pa

Commercial Investment: Shop and ground rent income producing £4,950pa This double fronted let shop premises is located in a prominent position on the High Street. It is let to a hairdressers at £4,800pa payable quarterly in advance. The tenant is long established, having been in occupation since 2004 and the current lease expires in April 2018. The upper floors to the property comprise three flats which are accessed separately. Each flat is held on a 999 year lease with effect from 25h March 1987 with a ground rent income of £50pa per flat (£150pa). According to the valuation office website the shops extends to 29.8 sq/m and has a rateable value of £4,700 with effect from 1st April 2017.

Tenure

Freehold

Description

Ground Floor

Shop, w.c.

Viewing

Please call the Auctioneers - 01603 505100

Services

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

Local Authority

North Norfolk District Council. Tel: 01263 513811

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, Norfolk NR8 6HW, Ref: Tracy Guest, Tel: (01603) 864331

Additional Fees

Administration Charge - £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.