COVID-19 – Important Auction Information
Postponed | Lot 44

18 Market Street, North Walsham, Norfolk NR28 9BZ

Postponed

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 27/07/2022

Auction Time

11:00

Auction Venue

Livestream Auction

Commercial investment comprising a let pub, hairdressers and flat producing £12,000 pa

This Grade II listed double fronted mid terrace town centre property is currently operating as two separate commercial businesses. A ground floor hairdresser trading as Room 18 and a public house trading as The Market Tavern with integrated first floor one bedroom flat. There is one lease in place dated 14th May 2018 for the whole building with the tenant holding over at a current passing rent of £1,000 pcm (£12,000 pa). The ratable value is £4,750 and the property currently benefits from 100% Small Business Rates Relief.

Tenure

Freehold

Lower ground floor

Cellar

Ground floor

Two shop areas, separate male and female wc, walk in cupboard, bar area, rear games room

First floor

Landing, bedroom, sitting room, kitchen / diner, bathroom

Outside

Small open air courtyard at the rear of the pub section

Council Tax

Flat - A

Viewings

Open Viewings have been scheduled for Friday 8th July - APPOINTMENT ESSENTIAL, please call our Norwich office on 01603 505100 to be allocated a time slot.

Energy Efficiency Rating (EPC)

Current Rating C

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

Solicitors

Cross Ram & Co, Ref: Daniel Hewitt

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.