Sold Prior
- Shop
- Tenure: Leasehold
Call the team on 01603 505 100 for more information
A valuable commercial investment property now let producing £11,100pa
This long leasehold lock up shop has just been let on a 7 year lease from Oct 2022 as a retail unit with a current annual income of £11,100. There are no breaks and a review every three years. The shop is located in a small parade of four units all now let in a prominent main road position to the north of Norwich centre and in a high density residential area. The unit has a broad frontage onto Sprowston Road and extends to approximately 878 sq/ft (81.58 sq/m).
Tenure
Leasehold
Accommodation
Main shop area, staff cloakroom
Tenancy details
The current lease is for 7 years from 22nd October 2022 for an initial rent of £11,100. Three yearly rent reviews.
Lease Details
Term: 999 years Annual ground rent amount: £150 pa Ground rent review period: Please refer to Legal Pack Annual service charge amount: Please refer to Legal Pack Service charge review period: Please refer to Legal Pack
VAT
VAT is not applicable to this lot.
Energy Efficiency Rating (EPC)
Current Rating B
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
Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918
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 - £420 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
