COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 15 June 2022 | Lot 10

17 Norwich Street, Dereham, Norfolk NR19 1BX

Sold £89,000

  • Mixed Use
  • 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 and residential ground rent investment

Prominent end terrace shop let to an established charity shop currently paying a rent of £8,000pa, 5 year lease from May 2019. The upper floor comprises a 2 bedroom flat which has been sold off on a new 125 year lease. Ground rent income of £150pa. Gross income £8,150pa The shop is a short walk from the Market Place and town centre shops. Dereham is a busy market town 13 miles west of Norwich just off the A47 trunk road.

Tenure

Freehold

Accommodation

Ground floor: Shop with storage 520 sq/ft First Floor: Rear access, kitchen, lounge, 2 bedrooms, bathroom

Tenancy Details

Let to Charity shop, Rent £8,000 pa, 5 year lease from May 2019 Two Upper Floors: 2 bed flat, subject to a lease for a term of 125 years from 2022. Ground rent £150pa. Total income £8,150pa

VAT

This transaction is not subject to VAT

Business Rates

Rateable Value £5,800

Energy Efficiency Rating (EPC)

Current Rating Shop C, Flat E

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.