Retail Property (high street) for sale

LOCATION
Heacham is one of the largest villages (resident population about 4,000) on the West Norfolk coast serving a wide area with a good range of local amenities. Numbers are considerably swelled in the holiday months with holiday makers drawn to the beach and many caravan holiday parks. King's Lynn is about 12 miles to the South, Hunstanton 2miles North and Burnham Market about 10 miles. The village continues to see growth mirroring that general of the coastal villages in the area. Station Road (along with High Street) is the principal shopping location for the village with a Boots pharmacy , Co-op supermarket and other local private traders.

DESCRIPTION
Substantial modern premises with flexibility for multi-letting, occupying busy village centre position. The ground floor provides for a substantial shop providing an open plan trading area with an internal frontage of approx 28'3"/8.61m and a maximum depth of 55'2"/16.82m. Rear exit with partitioned office and WC. Behind the shop externally is a yard area leading to a substantial store with good eaves height.

NOTE: It would be relatively easy to extend the retail area into the yard and store area to provide even more trading space.

Stairs externally to first floor, previously used for offices and retail display. The accommodation would lend itself to a self-contained generous sized, 2 bedroom apartment. There is a side pedestrian access from the street.

ACCOMMODATION
Ground Floor:
RETAIL SALES - 1507 sq ft / 140 sq m
Internal Width - 28'3" / 8.61m
Internal Max Depth - 55'2" / 16.82m
- Plus Office & WC

COVERED YARD

STORES - 518 sq ft / 48.12 sq m
- 24'1" x 21'6"

First Floor:
RETAIL SHOWROOM OR OFFICES - 982 sq ft / 91.22 sq m
- Potential flat - separate access
5 Rooms

TOTAL: 3007 sq ft / 219.35 sq m

SERVICES
Mains water, electricity and drainage are believed to be available. Electric storage heaters to first floor. These services and related appliances have not been tested.

TERMS
TO LET ON NEW LEASE:
The premises are available to let on a new lease on the following main terms:-
Initial term 12 years, rent reviews every 3 years, tenant fully repairing and insuring.

RENT:
£22,500 per annum.

PURCHASE PRICE:
The premises may also be available freehold with vacant possession. Purchase price £285,000.

RENTAL APPLICATION:
Applicants wishing to proceed with a tenancy will be required to pay an application and referncing fee of £150 (inc. VAT).

OUTGOINGS
Business Rates:
The VOA website indicates the premises has a current rateable value of £6,600. Up to the 30th September 2012 the premises will benefit from 100% Small Business Rates Relief as advised by the Borough Council of King's Lynn & West Norfolk. Tel: 01553 616200.

VAT
The above rent and purchase price are quoted net of VAT, if applicable.

LEGAL COSTS
Ingoing tenant to be responsible for the landlord's reasonable legal costs in connection with the transaction.

NEGOTIATIONS:
CONFIDENTIALITY AVAILABLE.
All negotiations in respect of this property are to be carried out strictly via the Agents, Tawn Landles.

VIEWING:
Further details and arrangements for viewing may be obtained from TAWN LANDLES.

IMPORTANT NOTE:
Messrs Tawn Landles for themselves and for the Vendors or Lessors of this property whose Agents they are give notice that:
(i) the particulars are produced in good faith and are set out as a general guide only and do not constitute any part of a contract.
(ii) No person in the employment of Messrs Tawn Landles has any authority to make or give any representation or warranty whatever in relation to this property.