Postponed
- Commercial Property
- 2 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Commercial & residential investment part let producing £13,000pa - potential income £25,000pa
Mixed use freehold investment with potential yield of £25,000pa With accommodation over three floors, this well proportioned corner property has a fast food restaurant on the ground floor, offices on the first floor and a two bedroom self-contained flat on the upper floor. The shop is let for £13,000pa on a nine year lease from 2009 and the upper parts could provide a further income in the region of £12,000pa. The property extends to approximately 2,000sq/ft and is prominently located at the corner of Prince of Wales Road and Eastbourne Place, within an area of leisure facilities, restaurants and shops. Norwich railway station is within a few minutes walk.
Tenure
Freehold
Description
Ground Floor
Fast food restaurant, separate staircase leading to first floor and second floors.
First Floor
Landing, private door to hall, two offices, storage room, kitchenette, w.c.
Second Floor
Landing, private hall, two bedrooms, living room, kitchen, bathroom.
Rates
The property has a number of separate rating assessments. Interested parties should make their enquiries of the local authority regarding these.
Energy Performance Certificate (EPC)
The individual units each have Energy Performance ratings ranging from D-F. A full copy of each certificate will be found within the legal pack.
VAT
VAT is not applicable to this lot.
Viewing
Please call the Auctioneers - 01603 505100
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. Tel: 0344 980 3333
Solicitors
Cozens-Hardy LLP, Castle Chambers, Opie Street, Norwich NR1 3DP, Ref: Dan Evans, Tel: 01603 724676
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
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.
Floor Plans
Click the image to view the full-sized floorplan.
