For Sale By Auction | 11:00, 01 May 2024 | Lot 105

10 & 10A Southtown Road, Great Yarmouth, Norfolk NR31 0HU

*Guide | £90,000 - £110,000 (plus fees)

  • Mixed Use
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 01/05/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Mixed use retail shop with two bedroom duplex flat - both tenanted currently producing £9,900 per annum

This commercial premises with spacious two bedroom duplex flat is fully tenanted and currently producing £9,900 per annum. Situated in the centre of Great Yarmouth and offering 1,059 sq/ft (stms) of space, it is in good condition and the barbers has been recently refurbished. The retail area is let on a long lease and is occupied by a barber. The lease is for 10 years which commenced in August 2021. The barbers comprises a retail area, kitchen and separate w.c. and produces £200 pcm. Access is gained from the front and rear of the building. The duplex flat has been let since late 2019 and is producing £625 pcm and offers kitchen and separate w.c. on the ground floor with stairs to first floor landing, sitting room, two bedrooms and bathroom. Access is at the rear of the building.

Tenure

Freehold

Shop

Retail area, kitchen, separate w.c.

Flat

Kitchen, separate w.c., stairs to first floor landing, sitting room, two bedrooms and bathroom

Business Rates (Shop)

Current rateable value is £3,100 per annum.

Council Tax Band (Flat)

A

Viewings

Viewings are being held strictly by appointment only and the next are Thursday 29 March and Friday 12 April. Please contact the Norwich Office to make an appointment.

Energy Efficiency Rating (EPC)

Current Rating Flat E Shop D

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

Grey Smith Legal, Ref: Tracy Youll, Tel: 01388 217844 (opt 3)

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 - £960 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.