Postponed
- Retail Property (high street)
- 4 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Commercial investment producing £23,650pa
High yielding freehold commercial investment producing £23,650pa This lot comprsies of a ground floor shop let to "Fusion Hair Consultants" on a fifteen year lease with effect from September 2008 at a current passing rent of £23,400pa, payable quarterly in advance. Above are two, two bedroom maisonettes sold off on 125 year leases in 2008 which produce a ground rent income of £125pa per maisonette (£250pa). According to the valuation office website the hairdressing salon and premises extends to 279sq/m and has a rateable value of £20,750 with effect from 10th September 2010.
Tenure
Freehold
Description
Ground Floor
Retail area, office, w.c./shower room, boiler room, two treatment rooms.
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
Great Yarmouth Borough Council. Tel: 01493 856100
Solicitors
Spire Solicitors LLP, 38 Prince of Wales Road, Norwich NR1 1HZ, Ref: Tom Henderson, Tel: (01603) 660744
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.
