Shop for saleNorwich Street, Fakenham, Norfolk, NR21 9AF
Guide Price* £60,000
- Freehold investment opportunity
- Two ground floor shops both tenanted
- Located within Fakenham town centre
For Sale By Auction At Barnham Broom Golf & Country Club On 02/12/2016 at 11:30 am.
GUIDE PRICE - £60,000 - £70,000
An opportunity to acquire a freehold investment in the popular market town of Fakenham. The property comprises of two ground floor shops that are currently a gift shop and antique shop and producing £300 pcm each. There are three flats above on a 125 year leases from 2006 and 2007 with peppercorn rents of £100 each. Occupying a prominent trading position within Fakenham town centre along side banks, shops and cafes. Fakenham lies approximately 24 miles west of Norwich and approximately 17 miles north west of Kings Lynn and has a busy street market every Thursday. Energy Efficiency Rating TBC.
Freehold.(Subject to leases further information can be found in the legal pack).
DKLM Solicitors, City House, 3 Cranwood Street, London, EC1N 9PF. For the attention of Philip Li - Tel:0207 5497890.
By arrangement with the Auctioneers: William H Brown, East Anglian Auction Centre, 5 Bank Plain, Norwich, Norfolk, NR2 4SF - Tel: 01603 598975
CONDITIONS OF SALE
The Conditions of Sale will be deposited at the offices of the auctioneers, William H Brown, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30am. Prospective purchasers are advised to check with the auctioneers, William H Brown, before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Guide and Reserve Prices
Guide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge of £625.00 (plus VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information. Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.
William H Brown are contactable at 5 Bank Plain, Norwich, Norfolk, NR2 4SF. Tel 01603 598975.
Visit our Website www.williamhbrownauctions-norwich.co.uk
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*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.
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 William H. Brown, Norwich - Auctions on 01603 598975.
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