Retail Property (high street) for sale

Holt

£440,000

Property Description

Full description

Tenure: Freehold

LOCATION
Holt is a busy former market town situated in the centre of north Norfolk, an area considered by many as one of England´s finest. It is home to the famous Gresham´s School and is a very popular destination for holidaymakers, second home owners and the retired.

The town is one of North Norfolk´s ´Principal Settlements´ and as such is a primary retail destination with a strong collection of both local and national retailers. Demand for commercial property in Holt has remained strong for over a decade with few vacancies and rising rents throughout the recent economic downturn.

Holt has a catchment population of about 13,400 with a wider catchment area reaching from Cromer and Overstrand to the east, Melton Constable and Thursford to the west and Saxthorpe to the south of almost 45,000 residents.

The town is set to expand over the next few years with a number of large residential developments proposed in various locations around the town, the largest being the HO9 site located to the east which will provide up to 290 new dwellings.

The town lies less than 5 miles from the scenic coastal villages of Blakeney and Cley-next-the-Sea along the coastal Area of Outstanding Natural Beauty while the cathedral city of Norwich, with its airport and frequent rail service to London Liverpool Street, is only 22 miles to the south.

DESCRIPTION
The property consists of two attractive two storey terraced retail premises located in the prime part of the town fronting the Market Place. This eighteenth century building is Grade II Listed and forms an important part of the street scape and Conservation Area with traditional shop fronts and traditional Georgian sash windows on the first floor.

The property is situated opposite the Feathers Hotel with nearby operators including Gun Hill, Joules, Wells Deli and the renowned Bakers & Larners department store.

ACCOMMODATION
The accommodation comprises:-

5 Market Place
Ground Floor:
Retail Area - 26.1 sq m (overall)
W.C.
First Floor:
Office 1 - 9 sq m
Office 2 - 12.3 sq m
Bathroom / Staff Room
W.C.

5A Market Place
Ground Floor:
Retail Area - 28.5 sq m (overall)
W.C.
First Floor:
Office - 22.6 sq m
Kitchen - 6.5 sq m

Please note that all areas are approximate.

TERMS
Both premises are currently let on internal repairing and insuring terms for 15 years from 11th May, 2016. The leases are subject to 3 yearly upward only inflationary rent reviews (RPI). There are tenant´s break options on 11th May 2021 and 11th May 2026 requiring six months´ written notice.

The passing rents are as follows:

5 Market Place - £11,215 pax
5A Market Place - £12,000 pax

OUTGOINGS
Rateable Values:-

5 Market Place - £9,200
5A Market Place - £10,000

PLANNING
We understand that both premises have planning consent as "shops" under the use class A1. Planning consent for other uses may also be permitted (subject to planning consent) and interested parties are recommended to make their own enquiry to North Norfolk District Council, Council Offices, Holt Road, Cromer, NR27 9DN. Tel: 01263 513811

OTHER



VIEWING
Viewing strictly by appointment with the sole agents Cockertons Ltd.


Nearest station

  • Sheringham (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cockertons, Holt

1a Market Place Holt NR25 6BE

01263 658012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Sheringham (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cockertons, Holt

1a Market Place Holt NR25 6BE

01263 658012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100231000407. 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 Cockertons, Holt. 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.

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