Mixed use investment: Let shop & 2 bedroom flat producing £12,350pa

The property comprsies a Grade II listed mid terrace two storey building. The ground floor comprises a shop let to an established independent butchers. The rent is £12,350pa for the whole and the initial three year lease was with effect from January 2018. The first floor offers residential accommodation comprising of a self-contained two bedroom flat with electric heating. According to the valuation office website, the shop has an area of 72.5sq/m and a rateable value of £6,400 with effect from 1st April 2017. The property is found in the heart of the town on the main through road and is part of the historic street scene and conservation area. Eye is a popular and well served town lying around halfway between Norwich and Ipswich and around three miles from Diss, which has a regular mainline railway connection to London.

Tenure

Freehold

Description

No. 4a - Ground Floor Shop

Shop, cold store, w.c. Outside: Rear yard

No 4b - First Floor Flat

Landing, two bedrooms, bathroom, sitting room/kitchen.

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating F

Services

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

Local Authority

Mid Suffolk District Council. Tel: 01449 724500

Solicitors

Tolhurst Fisher, Trafalgar House, 8-10 Nelson Street, Southend-on-Sea, Essex SS1 1EF, Ref: Aidan O'Donoghue, Tel: (01702) 352511

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.