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High yielding commercial investment comprising a let shop producing £6,960 pa
This is a self contained ground floor shop at the front of a Grade II Listed building. It is let on a three year lease with effect from 1st April 2024 to a carpet business at £580 pcm (£6,960 pa). It is in a prominent position located in the village centre opposite the Co-Op.
Tenure
Leasehold. new 999 year lease
Ground floor
Front shop / office, store / staff room, wc
Business Rates
According to the Valuation Office website, the property has an area of 45 square metres and a rateable value of £4,750 with effect from the 1st April 2023.
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
South Norfolk Council
Solicitors
Juliet Bellis & Co, Ref: Juliet Bellis, Tel: 01957 733226
Offered in association with
Martin Smith Partnership
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 - £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.