Sold Prior | Lot 51

45 & 45A High Street, Downham Market, Norfolk, PE38 9HF

Sold Prior

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01733 889833 for more information

Auction Date

Fri 06/12/2019

Auction Time

12:00

Auction Venue

The Great Barn Knights Hill Hotel and Spa, South Wootton, Kings Lynn, PE30 3HQ

Viewing Times:

Tue 19 Nov

10:00-10:30

Tue 26 Nov

10:00-10:30

Tue 3 Dec

10:00-10:30

A freehold investment comprising a restaurant and a two bedroom flat above with a tenant providing total income of £20,700 pa.

This licenced restaurant located in the high street has a two bedroom flat above and gardens and parking at the rear. The restaurant is 62.73 sq/m (stms) and is currently let on a 15 year lease with an income of £1,125 pcm (£13,500 pa) with the flat providing an income of £600 pcm (£7,200 pa). Downham Market is located off the A10 between Ely and Kings Lynn. The town provides a main line rail link into London Kings Cross and London Liverpool Street.

Tenure

Freehold

Ground Floor

Restaurant, kitchen, ladies and gents w.c. Entrance hall to the flat above at the rear.

First Floor

Landing, lounge, kitchen, two bedrooms, shower room

Outside.

Gardens and parking to rear.

Business Rates

£12,000

Energy Efficiency Rating (EPC)

Current Rating C, E

Services

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

Local Authority

Kings Lynn and West Norfolk Borough Council

Solicitors

Ward Gethin Archer, Market Place, Ely, CB7 4QN, Ref: John Thorogood, Tel: 01353 662203

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.