Town centre commercial investment comprising two buildings producing £18,500 pa

This lot comprises of two properties on one title. No 126 is a single storey attached building trading as Sulee's Barber Shop let at £6,500 pa. No 128 is a detached four storey building arranged as a vacant basement shop with three floors above let to Studios at £12,000 pa on a current five year lease dated 7th December 2021. Both are long established tenants. According to the valuation office website 126 has an area of 27.67 sq/m and a rateable value of £6,600 and 128 an area of 130.07 sq/m and a ratable value of £10,250 with effect from 1st April 2023.

126

Shop area

128

Basement: Self contained vacant shop unit requiring improvement comprising 3 rooms, kitchen, store room, w.c. Ground Floor: Entrance hall, 2 rooms, w.c., staff room First Floor: Landing, treatment room, store room Second Floor: Arranged as a flat with landing, w.c., utility room, sitting room, kitchen, bed with en-suite shower

Outside

Rear garden in need of attention, side yard, outbuilding, rear fire escape, outside w.c. for use by 126

Viewing

Open Viewing has been scheduled for Tuesday 18th July - APPOINTMENT ESSENTIAL - please call our Norwich office on 01603 505100 to be allocated a time slot.

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

East Suffolk Council

Solicitors

Cozens-Hardy LLP, Ref: Dan Evans, Tel: 01603 724676

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.