For Sale By Auction | 11:00 am, 25 July 2018 | Lot 1

16 St Andrews Street, Norwich, Norfolk, NR2 4AE

Sold £80,000

  • Hairdresser / Barber Shop
  • 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

City centre commercial investment producing £5,000pa

This single storey retail unit is located close to the city centre on St Andrews Street, opposite St Andrews Street public car park. The property is let to a hairdresser, which trades as "Pinki and Perki" and the tenant has been in occupation for over twenty years. The current six year lease at £3,750pa, payable quarterly, expires in 2020 and the tenant will sign a new fifteen year lease at £5,000pa prior to the auction. This would be an ideal purchase for an investor.

Tenure

Freehold

Description

Waiting room, main shop area, utility area and 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

Norwich City Council. Tel: 0344 980 3333

Solicitors

nplaw, Norfolk County Council, County Hall, Martineau Lane, Norwich NR1 2DH, Ref: Ms J Savill, Tel: 01603 222919

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

Buyer's Premium - £540 (£450+VAT) payable on exchange of contracts

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.