Commercial investment comprising two storey shop and car sales yard with current combined rental income £9,750 pa
Located in a small parade of local shops and businesses this two storey building is currently let to a charity with an income of £437.50 pcm (£5,250 pa). Adjoining the shop is a yard and storage area which is currently let to an established car sales business with an income of £375 pcm (£4,500 pa). Both leases have expired and are holding over. St Johns Close is located just off Hall Road, close to the junction with Cecil Road approximately half a mile from the city centre
Tenure
Freehold
The Shop
Currently let to a charity the premises extends over two floors
The Yard
A secure yard with works shops.
Viewings
Open viewings are being scheduled - the next are on Monday 19 October - APPOINTMENT IS ESSENTIAL. Call the Norwich office on 01603 505100 to book a slot on the next viewing day.
Energy Efficiency Rating (EPC)
Current Rating D
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
Solicitors
Hatch Brenner, 4 Theatre Street, Norwich, NR2 1QY, Ref: Colin Alexis, Tel: 01603 660811
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.