Commercial investment producing £6,750pa

An area of land extending to around 0.16 acre situated less than a mile north west of the city centre let on a tenancy at will dated 22nd February 2018 at a rent of £562.50pcm (£6,750 pa). A copy of the tenancy at will is available on our website. The tenant trades as Mitchell Fencing and Sheds. The site extends to around 0.16 acre, has a brick and timber building with electricity on site and hard standing with parking to the front and rear. The land has front access from Oak Street and side access via a right of way from the side of the neighbouring property occupier, Classic Finishes at 140-146 Oak Street.

Tenure

Freehold

Note

Please would all interested parties register their interest with the Auctioneers in order that they may be kept up to date with any developments.

Viewing

There will be no open days or internal viewing of the property. Viewing from roadside only.

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

Solicitors

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

Additional Fees

Buyer's Premium - £540 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

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