Sold £153,500
- Commercial Property
- Tenure: Leasehold
Call the team on 01603 505 100 for more information
Three ground floor commercial units including a take away shop, a clinic and a vacant unit with the potential to convert into a small apartment (stpp).
Situated with views of Norwich Castle and Castle Mall gardens, these valuable investment properties include a clinic let for £10,000 until August 2025, a takeaway food outlet let on a rolling lease for £6,950 pa, although a proposal has been put forward to adjust the rent to £9,000 pa. The vendor has confirmed all rents are up to date and there are no arrears. The third unit is currently vacant and is available to re-let or for owner occupation. Consent has been applied for a change of use from Clinic (Class E) to a residential dwelling (C3), correspondence relating to this will be contained within the legal pack. Once let this parade of long leasehold properties will produce an excellent rental return.
Tenure
Leasehold
Accommodation
26 Cattlemarket Street: Reception (shop), cloakroom, store room. (Let £10,0000 pa) 27 Cattlemarket Street: Currently three rooms, rear hall, cloakroom. (Vacant) (Proposed accommodation. living/bedroom room, kitchen, bathroom) 28 Cattlemarket Street: Shop area with servery, kitchen, cloakroom. (Let £6950 subject to review)
Lease details
Term: 125 (105 years remaining) For Annual Ground Rent and service charge information please refer to the legal pack.
Viewings
Open Viewings are being organised for Tuesday 6th June. APPOINTMENT ESSENTIAL. Please call our Norwich office to book an appointment.
Energy Efficiency Rating (EPC)
Current Rating 26 - B, 27 - F, 28 - B.
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
Hayward Moon (Ipswich), Ref: Mark Hayward, Tel: 01473 234734
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
Buyer's Premium - £600 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.
