Important Notice - Coronavirus (Of COVID-19)
For Sale By Auction | 11:00, 15 April 2020 | Lot 34

81 Northgate Street, Great Yarmouth, Norfolk, NR30 1BN

*Guide | £100,000 - £120,000 (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 15/04/2020

Auction Time

11:00

Auction Venue

ONLINE

Mixed use investment High yielding let shop and maisonette producing £11,380 pa

This three storey mid terrace property is located around a mile north of the town centre. It incorporates a ground floor shop with a self contained two / three bedroom maisonette arranged over three floors. The tanning shop extends to around 756 sq/ft and is a well established business that has been running for over 30 years. It is let at £115 per week (£5,980 pa). The maisonette extends to around 623 sq/ft and to is let to a separate established tenant on an assured shorthold tenancy at £450 pcm (£5,400 pa). The maisonette has gas central heating and is double glazed. According to the valuation office website the shop has a rateable value of £2,600. No rates are payable.

Tenure

Freehold

Shop (no 81)

Ground floor: shop, three rooms, wc Outside: rear yard

Maisonette (no 81a)

Ground floor: entrance hall First floor: landing, bathroom, kitchen, dining room / bedroom, sitting room Second floor: landing, two bedrooms

Energy Efficiency Rating (EPC)

Current Rating maisonette: D shop: B

Services

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

Local Authority

Great Yarmouth Borough Council

Solicitors

Norton Peskett, 18 Church Plain, Great Yarmouth, NR30 1NF, Ref: Matthew Breeze, Tel: 01493 849225

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 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.