Sold Prior | Lot 47

5 Castle Street, Norwich, Norfolk NR2 1PB

Sold Prior

  • Shop
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 04/05/2022

Auction Time

11:00

Auction Venue

Livestream Auction

Prime city centre shop Extending to around 100 sq/m (1,075 sq/ft)

The property comprises a mid-terraced two storey building with large display windows. The shop is currently utilised as an independent hair makeup and nail salon trading as Kinki Boutique www.kinkihair.com. The freehold property will be offered with vacant possession on completion. The first floor may offer redevelopment potential subject to the necessary consents. According to the Valuation Office website, the shop has an area of 99.9 square metres and a rateable value of £42,250 with effect from the 1st April 2017.

Tenure

Freehold

Ground Floor

Main open plan shop area, rear store and wc

First Floor

Further shop area, additional area above adjacent shop leased at £85 pcm (£1,020 pa) on a 15 year lease with effect from July 2007

Outside

Rear access to Castle Meadow.

Location

The property is situated on a pedestrianised street, within close proximity to the Castle Mall shopping centre and the prime retail area of Gentlemans Walk. It is well located with a number of national operators within the immediate vicinity. The premises is adjacent to Sea Salt Cornwall and near Waterstones, Whittard Crew, Whitestuff and The Gym.

Energy Efficiency Rating (EPC)

Current Rating G

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

Leathes Prior, Ref: Lucy Whipps, Tel: Direct: 01603281105

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 £1200 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.