Call the team on 01603 505 100 for more information
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 £6,300 per annum giving a current rental income of £21,800 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
Please call the Auctioneers - 01603 505100
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
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.