Retail Property (high street) for sale

Holt, Norfolk

Under Offer £350,000

Property Description

Full description

Tenure: Freehold

LOCATION
28 High Street is an attractive two storey terraced property located in the heart of the town fronting the busy High Street. Its Grade II Listed façade forms an important part of the street scape and boasts a substantial frontage with typical Georgian sash windows on the first floor.

The property underwent a complete transformation some years ago when the previous occupiers for many years, the Holt Bookshop, relocated to Appleyard and after a short stint as a retail unit the premises were fully renovated and converted into a cafe.

Since its opening some years ago Number 28 has operated very successfully as one of the town´s most popular cafes.

To the east the property is attached to the renowned Bakers and Larners department store which has a further store opposite. Other nearby operators include Boots pharmacy, Fat Face, Lords Opticians, Nicholsons and Kings & Barnhams.

DESCRIPTION
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 ´Principle Settlements´ and primary retail destinations 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 create up to 290 new dwellings.

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

ACCOMMODATION
The accommodation comprises:-

Ground Floor:
Front Retail Area - 280 sq ft (overall)
Rear Retail Area - 155 sq ft
Serving Area/Kitchen - 120 sq ft
Wash Room - 50 sq ft

First Floor:
Front Seating Area - 279 sq ft
Rear Seating Area - 115 sq ft
Store - 131.37 sq ft
Kitchen - 118.51 sq ft

Please note that all areas are approximate.

TERMS
The premises are currently let to the Number 28 Restaurant on full repairing and insuring terms for 10 years from 1st August 2014.

The lease is subject to upward only rent reviews on 1st August 2018 and 1st August 2022. The passing rent is £19,000 per annum exclusive.

There is a tenant´s break option on 31st July 2018 requiring six months´ written notice.

Number 28 is a popular café/restaurant with an excellent reputation. Currently Number 28 has a rating of 4.5/5 on the website Trip Advisor.

OUTGOINGS
Rateable Value £14,750

PLANNING
We understand that the premises have planning consent as a "restaurant" under the use class A3. 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
Freehold

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


Nearest station

  • Sheringham (5.6 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 (5.6 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.

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