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

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 £1140 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.