Freehold high street commercial investment currently let producing £11,180pa. Shop could be available with vacant possession.
This Grade II listed property currently comprises of a ground floor lock-up shop trading as an independent pet shop whilst on the upper floors is a two bedroom apartment paying a ground rent of £50pa. The current tenant of the pet shop, which has a rent of £927.50pcm (£11,130pa), have confirmed they would relinquish the remainder of the tenancy if vacant possession is required. The building, which is in good order, is located in a prominent position a short walk from Wymondham town centre and adjacent to Jarrold Home Furnishing store. According to the Valuation Office website the shop has an area of 190sq/m and a rateable value of £11,500 with effect from 1st April 2017.
Tenure
Freehold
Description
Ground Floor
Retail area, office, staff room, w.c.
Upper Floors
Separate access to: Lounge, kitchen, two bedrooms, bathroom.
Lease
Paws to Tails of Wymondham currently rent the shop for £11,130pa on a five year lease which expires in April 2020. The flat has a 125 year lease from 2005. Annual Ground Rent £50pa
Viewing
Please call the Auctioneers - 01603 505100
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. Tel: 01508 533633
Solicitors
Cohen Filippini, 10 Greenwood Street, Altrincham, Cheshire WA14 1RZ, Ref: Emma Filippini, Tel: 0161 929 9993
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 - £720.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.