Ground rent investment - 5 Modern shops currently producing £800 pa

Five shop ground rent investment producing £1,000pa A modern brick and tile parade of shops with adjoining customer car park. The current ground rent income from the five units is £1,000pa. Four of the properties are sold on 125 year leases and the remaining unit on a 999 year lease. The development is situated in a mainly residential area with a Tesco Express convenience store next door and a range of other amenities available nearby. It is located four miles north east from the centre of King's Lynn. King's Lynn has a population of approximately 43,000 and is a port and commercial centre 40 miles west of Norwich and 32 miles from Peterborough.

Tenure

Freehold

VAT

VAT is applicable to this site

Viewing

The shops are open normal business hours

Note

In addition to the administration charge, the purchaser will be required to pay a buyers premium of £900 (£750 + VAT).

Viewing

Any reasonable time at own risk

Services

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

Local Authority

The Borough Council of King's Lynn and West Norfolk. Tel: 01553 692722

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mrs T Guest, Tel: (01603) 864331

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.