High Street Retail Property for sale

15-17 Norwich Street, Fakenham, Norfolk NR21


Guide price
£90,000
S.O.A.

Features

  • Freehold

Description

For sale by auction on Wednesday, 24 Mar 2021 at 11:00

Venue: Livestream Auction

Retail investment producing £10,000 pa

This is a self-contained, single storey double fronted retail premises, The shop is located in a prominent position, in one of the town´s main shopping thoroughfares close to the Market Place and a number of local and national retail outlets, banks and car parks.

The shop is let at £10,000 pa to Fakenham Eyewear, The Eyeman; which is a long established business. It is let on a 15 year lease with effect from June 2014 which was the renewal of a previous 9 year lease, expiring 2029.

According to the valuation office website the property has an area of 47.2 sq/m and a rateable value of:£8,700, with effect from 1st April 2017. The property is Grade II listed.

Accommodation
Two front retail areas, rear office / workshop, rear storage area and wc

EPC Rating: B

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Categories

High Street Retail Property
Call
Property reference
CP_8F8DED5C41_79