*Guide | £200,000 - £225,000 (plus fees)
- Retail Property (high street)
- 4 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding freehold commercial investment producing £23,350pa
This lot comprsies of a ground floor shop let to "Fusion Hair Consultants" on a fifteen year lease with effect from September 2008 at a current passing rent of £23,100pa, payable quarterly in advance. There is a rent review in December 2017. Above are two, two bedroom maisonettes sold off on 125 year leases in 2008 which produce a ground rent income of £125pa per maisonette (£250pa). According to the valuation office website the hairdressing salon and premises extends to 279sq/m and has a rateable value of £20,750 with effect from 10th September 2010.
Tenure
Freehold
Description
Ground Floor
Retail area, office, w.c./shower room, boiler room.
Viewing
Please call the Auctioneers - 01603 505100
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
Great Yarmouth Borough Council. Tel: 01493 856100
Solicitors
Spire Solicitors LLP, Holland Court, The Close, Norwich NR1 4DY, Ref: Tom Henderson, Tel: (01603) 677077
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 - £600.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
