Barbers shop and freehold of the building, situated in the suburbs of Norwich City centre. Currently producing £7,400 pa inclusive of ground rent.

Barber's shop and freehold of the building occupying a corner position within the boundaries of Norwich City centre. The barbers shop is producing £6,900 pa whilst the ground rent from the flat (not included) produces £500 pa. The shop has been let for 28 years to the existing tenant who has a lease agreement which expires January 2026. The property would benefit an investment purchaser as the property is providing a good yield.

Tenure

Freehold

Barbers Salon

Open plan area with display windows, private staff area/storage, kitchen and outside toilet

Exterior

External staircase leading to flat

Viewings

Open viewings are arranged and the next are Wednesday 23 August. Please call the Norwich office to book an appointment.

Lease details for flat

Term : 125 years from 24th April 2020 - 122 years remaining

VAT

Please note that VAT is applicable to this lot.

Energy Efficiency Rating (EPC)

Current Rating C

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

Leathes Prior (The Close), Ref: Lucy Whipps, Tel: Direct: 01603281105

Additional Fees

Buyer's Premium - £960 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.