Sold £337,000
- Mixed Use
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Valuable freehold mixed use investment, recently updated producing £33,600 pa when fully let.
An impressive and prominent town centre mixed use investment comprising of a ground floor office let to the Big C Charity and three duplex 2 bedroom apartments all let, one of which has been freshly redecorated. The property is now fully Let and produce a gross income of £33,600. The building and apartments are in good decorative order throughout and viewing is highly recommended. No Vat is applicable and a 6 week completion is available. The three apartments have independent access off Row 71 Hall Plain to the rear of the building and benefit from a secure ground floor access and private roof terrace.
Tenure
Freehold
Description
Ground floor: Shop with range of offices, reception areas kitchen and toilet facilities in total 81.9 Sq/m, 881 sq/ft First and Second Floor: Three duplex apartments each with lounge, kitchen, 2 bedrooms and bathroom. Shared roof terrace.
Business Rates
Currently £4850 from 1st April 2017
Tenancy Details
25 Regent Street: Let to Big C Charity 10 year lease commenced 7.2.2020 annual rent £9,900 paid quarterly, (Break Feb 2025). Row 71 Hall Plain: Apartment 1: Occupied AST (holding over) £650 pcm From 1.9.22 Apartment 2: Occupied AST (holding over) £650 pcm From 1.10.22 Apartment 3: Occupied by new tenant from 16th September at £675 pcm
Council Tax Band
A
Viewings
Open viewings have been arranged with the tenants Big C charity for Thursday 8 September. STRICTLY VIEWING BY APPOINTMENT ONLY - Please telephone us on 01603 505100 to book the next viewing slot.
Energy Efficiency Rating (EPC)
Current Rating Flat 1 - D Flat 2 - C Flat 3 - E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Great Yarmouth Borough Council
Solicitors
Chamberlins (Great Yarmouth), Ref: Paul Ward, Tel: 01493 720019
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.
Floor Plans
Click the image to view the full-sized floorplan.
