Sold £190,500
- Mixed Use
- 5 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding mixed use investment producing £20,160p.a.
This Grade II listed town centre property comprises of a ground floor shop with two self contained flats above. All three units are let producing an income of £20,160p.a. The shop is let to an emporium called "Collectors Heaven" and produces £8,400p.a. The shops 5 year lease is dated 29th September 2014 and there is no break clause for the remainder of the terms. The shop rent is payable monthly. The upper parts were converted into flats around 5 years ago and are in good decroative order. Flat A, on the first floor is a spacious 3 bedroomed flat let at £500pcm (£6,000p.a.). Flat B is a two bedroom split level flat on the first and second floors let at £480pcm (£5,760p.a.). According to the valuation office website the shop extends to 80.6sq/ms and has a rateable value of £9,900 with effect from 1st April 2010.
Tenure
Freehold
Fakenham is a historic market town often referred to as 'The gateway to North Norfolk' being located only 10 miles from the coast. It is well served by a range of services and amenities.
Shop:
Lower Ground Floor: Cellar
Ground Floor:
Main shop room, kitchen, office, w.c.
Flat A:
(New 12 month AST dated January 2015) First Floor: Entrance hall, three bedrooms, sitting room, kitchen, bathroom.
Flat B:
(Six month AST dated 23rd October 2014) First Floor: Entrance hall, bathroom, kitchen. Second Floor: Sitting room, two bedrooms.
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating Shop E Flat a - B Flat b - C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
North Norfolk District Council. Tel: 01263 513811
Solicitors
Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mrs T Guest, Tel: (01603) 864331
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
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.
