COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 15 June 2022 | Lot 9

15 Norwich Street, Dereham, Norfolk NR19 1BX

Sold £70,000

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 15/06/2022

Auction Time

11:00

Auction Venue

Livestream Auction

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.