Sold £70,000
- Retail Property (high street)
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Freehold Shop & Residential Ground Rent Investment
This freehold premises comprises of a recently let shop producing a rental income of £7,500pa and a two storey flat let on a long lease producing a ground rent income of £150pa. The shop is located close to the town centre surrounded by a variety of established business and a few steps from the Market Place. Derham is a busy market town well served by public transport and road links to other major local centres including Norwich (13 miles east).
Tenure
Freehold
Accommodation and Tenancy Schedule
Ground Floor: Shop, kitchenette and cloakroom. Let to Jazzy Cupcakes: Rent £7,500pa, 5 year lease from April 2021 (3 year break) Two Upper Floors: 2 bed flat. Subject to a lease for a term of 125 years from 2022. Total income £7,650pa
VAT
This transaction is not subject to VAT.
Business Rates
Rateable value £3,100
Energy Efficiency Rating (EPC)
Current Rating Shop D, Flat D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Breckland Council
Solicitors
Ward Gethin Archer, Ref: Tracy Guest, Tel: 01362 692182
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 miniumum 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.
