A highly productive mixed use investment currently producing £30,350pa

This mixed use investment property currently comprises of a cafe and four bedsit apartments producing an annual income of £30,350 pa. The shop is let on a five year lease from Jan 24 with an income of £8,400 pa and the four bedsit apartments jointly produce an annual income of £21,950. One of the flats is fully self contained and the other three units share a recently upgraded kitchen. There is an ensuite bathroom to the top floor flat and the remaining units share a shower room, which has also recently been upgraded. The premises are located on a busy road less than a mile from Norwich City centre surrounded by local shops residential properties, schools and other community facilities.

Tenure

Freehold

Ground Floor

Cafe with dining and kitchen areas, wc. Studio apartment to rear

First Floor

Kitchen, shower room, two letting rooms

Second floor

Studio apartment with ensuite shower room

Outside

Front cafe seating area, rear garden

Business Rates

1 April 2023 to present: £5,800

Council Tax Band

A

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

Norwich City Council

Solicitors

Taylor Rose MW (Peterborough), Ref: Christopher Taylor, Tel: 01263800089

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.