A valuable freehold Grade II listed town centre investment fully let producing £18,414 pa

Located close to the centre of this busy market town this freehold investment property has well established tenancies providing a combined income of £18,414 pa. The three tenancies include a charity shop, hairdressers and sign makers. The property comes with 7 parking spaces and has neighbours that include a range of local and national businesses, solicitors and banks. The vendor has owned the property since 1988. East Dereham is situated on the A47 road, about 15 miles west of the city of Norwich and 25 miles east of King’s Lynn.

Tenure

Freehold

Accommodation and tenancies

Front shop and rooms 1 and 4 (upstairs) let to Veterans at Ease Ltd i Tenancy for 10 years from 15 November 2021 Rent £12,114 per annum Rear shop let to Chignon Hairdressers Tenancy commenced February 2007, Renewed for 3 years 1 August 2023 Rent £4,200 per annum Rooms 2 and 3 (upstairs) let to Victor Signs Dereham Tenancy commenced 1 January 2023 Renewed for 1 year from 1 January 2024 Rent £2,100 per annum

Parking Spaces

Six parking spaces for the tenants and one visitor space.

Business Rates

The rates are payable by the tenants and the rateable values are:- Front Shop - £11,750 Room 1 - £1,800 Room 4 - £940 Rooms 2 & 3 - £2,600 Rear Shop - £3,700

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

Breckland Council

Solicitors

Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918

Additional Fees

Buyer's Premium - £720 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.