10 & 10A Southtown Road, Great Yarmouth, Norfolk NR31 0HU
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- SIZE
Ask agent
Key features
- Tenanted mixed use investment property
- Producing £9,900 per annum for both
- Retail shop with two bedroom duplex flat
- 1,059 sq/ft (stms)
- Popular area of Great Yarmouth
- Guide price: £90,000 - £110,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 20th March 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 20TH MARCH
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Mixed use retail shop with two bedroom duplex flat - both tenanted currently producing £9,900 per annum
This commercial premises with spacious two bedroom duplex flat is fully tenanted and currently producing £9,900 per annum. Situated in the centre of Great Yarmouth and offering 1,059 sq/ft (stms) of space, it is in good condition and the barbers has been recently refurbished.
The retail area is let on a long lease and is occupied by a barber. The lease is for 10 years which commenced in August 2021. The barbers comprises a retail area, kitchen and separate w.c. and produces £200 pcm. Access is gained from the front and rear of the building.
The duplex flat has been let since late 2019 and is producing £625 pcm and offers kitchen and separate w.c. on the ground floor with stairs to first floor landing, sitting room, two bedrooms and bathroom. Access is at the rear of the building.
Shop Retail area, kitchen, separate w.c.
Flat Kitchen, separate w.c., stairs to first floor landing, sitting room, two bedrooms and bathroom
Business Rates (Shop) Current rateable value is £3,100 per annum.
Council Tax Band (Flat) A
Viewings Viewings can be arranged in conjunction with the tenants. Please call the Norwich office to book an appointment.
Tenure: Freehold
EPC Rating: Flat E Shop D
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £960 inc 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.
10 & 10A Southtown Road, Great Yarmouth, Norfolk NR31 0HU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Yarmouth Station0.4 miles
- Berney Arms Station4.0 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auctio
Industry affiliations
Notes
Disclaimer - Property reference 202402061004sq_qntg. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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