For Sale By Auction | 11:00 am, 25 July 2018 | Lot 16

12 High Street, East Runton, Norfolk, NR27 9NX

Sold £44,000

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 25/07/2018

Auction Time

11:00 am

Auction Venue

Unknown

Commercial investment producing £3,600pa

This is a flint and brick built single storey retail unit located in a prominent position on the coast road. The property is let to a candlemaker, which trades as 'Bags of Thought'. The property is let on a six year lease dated 12th April 2017 and the tenant pays £300pcm (£3,600pa). East Runton is a small north Norfolk coastal village, just over a mile west of Cromer and three miles east of Sheringham. Formerly a traditional fishing village, it is now a popular holiday destination for camping and caravan holidays. According to the valuation office website, the property has an area of 18.8sq/m and has a rateable value of £1,950 with effect from 1st April 2017. No rates are payable.

Tenure

Freehold

Description

Accommodation

Main shop area, w.c.

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating E

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

Sprake & Kingsley, 16 Broad Street, Bungay, Suffolk NR35 1EN, Ref: Mr N Kingsley, Tel: (01986) 892721

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% including VAT subject to a minimum of £840.00 including VAT

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