COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 10 February 2021 | Lot 19

15-17 Norwich Street, Dereham, Norfolk, NR19 1BX

Sold £204,000

  • Mixed Use
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 10/02/2021

Auction Time

11:00

Auction Venue

Livestream Auction

Two shops, (one vacant), and two tenanted flats with a brick built outbuilding to rear -current rental income £20,240

This Grade ll listed building comprises of two lock up shops one of which is vacant (No 15) and the other let to a charity shop (No 17) which produces an annual income of £8,000pa. There are two self contained flats on the upper floors both of which are let and produce a combined income of £12,240 pa. To the rear of number 15 is a brick and tile outbuilding which has potential to convert into a further letting unit subject to approval. This is an excellent investment opportunity with a potential annual income of around £25,240 pa is located at the heart of this busy market town, a short walk to the Market Place and close to public car parks and a range of other high street shops and useful amenities.

Tenure

Freehold

15 Norwich Street, Dereham

Ground Floor: Lock up shop, staff toilet Upper Floors: Approached from rear, lounge, kitchen, bedroom{squote} box room, bathroom

17 Norwich Street, Dereham

Ground Floor: Lock up shop, staff toilet First Floor: Lounge, kitchen, bedroom, box room, bathroom

Outbuilding 17 Norwich Street, Dereham

Brick and tile outhouse situated to the rear of number 15 and accessed through a side passageway.

Tenancies

15 Norwich Street - Vacant 17 Norwich Street - Let to Charity 5 year lease £8,000 pa 15a Norwich Street - Let £525 pcm 17a Norwich Street - Let £495 pcm

Viewings

Individual 15-minute appointments can be arranged - the next are Friday 5 February - BOOKING ESSENTIAL - Please call the Norwich office on 01603 505100 to book the next available slot

Energy Efficiency Rating (EPC)

Current Rating No 15 - D No.17 - C

Services

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

Local Authority

Breckland Council. Tel: 01362 656870

Solicitors

Trethowens, 1 London Road, Salisbury, SP1 3HP, Ref: Zach Rooney, Tel: 01722 412512

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.