For Sale By Auction | 11:00, 01 May 2024 | Lot 23

24 Market Street, Wymondham, Norfolk NR18 0BB

*Guide | £120,000 (plus fees)

  • Retail Property (high street)
  • 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

A prominent shop let to an established tenant with a current rent of £13,800 pa, additional ground rent income from five flats of £150 pa each, providing a gross income of £14,550 pa

Located close to the Market Place this prominent Grade II listed building is let to a bridal wear shop with a rent of £13,800 pa, an additional £750 pa is derived from the ground rent income from five self contained units which are located to the rear of the property. National retailers, banks and local retailers are located nearby and the property lies in an area of high footfall with public carparking nearby.

Tenure

Freehold

The Shop and Flats

Main retail area kitchen and storage (43.1 sq/m) Unit 1: Bed/sitting room, en-suite shower room, kitchen/dining room (ground floor) Unit 2: Bedroom, sitting room, kitchen, shower room. (ground floor) Unit 3: Kitchen/sitting room, study, bedroom, shower room. (first and second floor) Unit 4: Studio with kitchen area and en-suite shower room. (first floor) Unit 5: Hall, kitchen/living room, bedroom, bathroom. (first floor)

Business Rates

1 April 2023 to present: £12,000

VAT

Seller reserves the right to charge vat.

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

South Norfolk Council

Solicitors

Rudlings LLP, Ref: Steven McGrath, Tel: 01842 754151

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.