A highly productive mixed use investment property with established tenants producing a gross rent of £28,300 per annum

Currently this two storey building is let as a licenced betting shop and Indian takeaway restaurant with a self-contained first floor apartment above. All are currently let and provide a significant rental return. The property is located on a busy arterial road to the North of Norwich on a parade of local shops with a Post Office and Co-op store and opposite a high density residential estate. Regular public transport runs past the property into Norwich City Centre. Norwich airport is within 1 mile.

Tenure

Freehold

Tenancy Details

Ladbrokes: Let for 15 years from 01.04.11 Current rent £12,000 pa Taj Mahal Take away restaurant: Let for 12 years from 25.11.20 Current rent £8,500 pa Flat: Let on a 12 month Assured Short-hold tenancy from 17.12.21 Rent £650 pcm, £7,800 pa Annual rent reserved £28,300

VAT

VAT is not applicable to this lot

Completion

Six week completion available

Council Tax Band for Flat

A

Viewings

Open viewings have been arranged in conjunction with the tenants. The next viewing is on Thursday 8th September. Please call the Norwich office to book an appointment.

Energy Efficiency Rating (EPC)

Current Rating B, D, E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council

Solicitors

Rogers and Norton (Norwich), Ref: Donatas Staniulis, Tel: 01603 666001

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.