Mixed use investment with a potential income of over £40,000 p.a.

This is a prominent and distinctive town centre four storey retail/office residential property. It comprises of two let ground floor shops, first floor vacant offices with lapsed planning permission for conversion into two flats, 1 let flat and 2 vacant flats. The current income is £20,450. 27 Hall Plain This ground floor retail unit trades as the Money Shop and is let at £8,000p.a. on a ten year lease dated 25th April 2008 to Instant Cash Loans Limited. On the first floor there are vacant offices which are on the market to rent at £9,000p.a. There is lapsed planning permission to convert the offices into two self contained flats. 22 Regent Street This is let to the RSPCA and is let at £6,750p.a. on a three year lease dated 25th July 2013.

Tenure

Freehold

Flats:

Flat 3 (2nd Floor):

This was let at £450pcm (£5,400p.a.) however is now vacant. It comprises of an entrance hall, lounge/kitchen, two bedrooms, bathroom.

Flat 4 (2nd Floor):

This is let on an assured shorthold tenancy dated 24th June 2014 at £475pcm (£5,700p.a.). It comprises of an entrance hall, lounge/kitchen, two bedrooms, bathroom.

Flat 5 (3rd Floor):

It was let at £450pcm (£5,400p.a.) however is now vacant. It requires improvement and comprises of an entrance hall, lounge, kitchen, two bedrooms, bathroom.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating 27 Hall Plain - F 1st Floor Offices - D Flat 3 - D Flat 5 - C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors

Bosley & Co, 5 Marlborough Place, Hove, East Sussex BN1 1UB, Ref: Mr O Opone, Tel: (01273) 608181

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.