High yielding commercial investment comprising a High Street retail shop and separate office producing £16,000 pa

This lot comprises of two properties. 100 High Street is a 3,060 sq/ft (284.4 sq/m) high street shop with good frontage and direct access from the street. It is let to a cycle shop on a 9 year lease from 1st March 2021 at £11,000 pa. 1 Christ Church Square is a 602 sq/ft (55.9 sq/m) office building located at the rear and accessed via Christ Church Square. It is let on a 5 year lease from 1st June 2018 at £5,000 pa. Both leases are excluded from the provisions of Sections 24-28 of the 1954 Landlord & Tenant Act.

Tenure

Freehold

100 High Street

Lower ground floor: stores/staff, WC and kitchenette (315 sq/ft) Ground floor: open plan showroom (2,024 sq/ft) First floor: four rooms used for storage (721 sq/ft)

1 Christ Church Square

Ground floor: store with twin double doors, wc, kitchenette (315 sq/ft) First floor: office (288 sq/ft) Outside: rear vehicular access

Rates

According to the valuation office website 100 High St has a rateable value of £11,750 with effect from 1st April 2017.

Viewings

Viewings will be taking place by strictly by appointment only. The next available day will be Monday 17th October. Please contact the Norwich office to book a slot 01603 505100.

Energy Efficiency Rating (EPC)

Current Rating C, F

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Waveney District Council

Solicitors

Leathes Prior (The Close), Ref: Julia Routledge, Tel: 01603 281169

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.