Valuable freehold investment in prominent high street position currently producing £21,320 pa

This mixed use freehold investment property is prominently situated in Gorleston High Street, close to a wide range of local and national retailers. The ground floor is currently let on terms of an internal repairing lease with approximately six years remaining unexpired at a passing rent of £15,500 per annum. There is a self-contained first and second floor maisonette, currently let on an Assured Shorthold Tenancy, producing £5,820 per annum giving a current rental income of £21,320 per annum. This is an excellent freehold investment with a long trading history and established tenants.

Tenure

Freehold

Description

Ground Floor

Seating/restaurant, kitchen and serving areas, store room, ladies and gentlemens cloakroom, external w.c., stores, rear yard

First Floor

Landing, living room, kitchen, dining room/bedroom 3, shower room

Second Floor

Two bedrooms.

Business Rates

The ground floor has a rateable value of of £7,900 per annum.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating D, E

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

Norton Peskett, 18 Church Plain, Great Yarmouth NR30 1NF, Ref: Mr M Breeze, Tel: 01493 849200

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.