Retail investment producing £10,000 pa
This is a self-contained, single storey double fronted retail premises, The shop is located in a prominent position, in one of the town´s main shopping thoroughfares close to the Market Place and a number of local and national retail outlets, banks and car parks. The shop is let at £10,000 pa to Fakenham Eyewear, The Eyeman; www.fakenhameyewear.com which is a long established business. It is let on a 15 year lease with effect from June 2014 which was the renewal of a previous 9 year lease, expiring 2029. According to the valuation office website the property has an area of 47.2 sq/m and a rateable value of:£8,700, with effect from 1st April 2017. The property is Grade II listed.
Tenure
Freehold
Accommodation
Two front retail areas, rear office / workshop, rear storage area and wc
Energy Efficiency Rating (EPC)
Current Rating B
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
Bennett Oakley Commercial Solicitors, Bennett Oakley Commercial Solicitors, 13 Mill Road, Burgess Hill, RH15 8DN, Ref: Matthew Webb, Tel: 01273 956301
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
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
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.