Commercial investment producing £8,600 pa. Land and buildings on 0.15 acre site

An area of land and buildings extending to around 0.15 acre stms. It is let to a long established tenant on a six year lease from 1st January 2022 at a rent of £2,150 per quarter (£8,600 pa). A copy of the tenancy will be available on our website. The tenant trades as Martins Plastics Ltd. The secure fenced site has a detached brick and tile chalet style building with electric heating, detached garage and outbuilding, hard standing and parking. There are reserved rights for Anglian Water to use the access to get to their small parcel of land.

Tenure

Freehold

Main building

Ground floor: wc, kitchen, store room, shop First floor: mezzanine office

Outside

Off road parking, detached garage and outbuilding

Location

The site is situated around two miles north east of the city centre backing onto Mousehold Heath.

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.

Energy Efficiency Rating (EPC)

Current Rating D

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, Ref: Mandy Cheng, Tel: 01603 222919

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.