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Commercial Property for sale

Ground floor shops, 1-2 Vine House, 3 Oak Street, Fakenham

Sold STC £80,000

Property Description

Key features

  • Investment opportunity - 2 retail units
  • One let for 5,000 pa, one vacant
  • Grade II Listed building in town centre location
  • Guide price: 80,000 - 100,000
  • For sale by auction
  • Unless previously sold or withdrawn prior
  • 12 noon - Friday, 27th July 2018
  • Dukes Head Hotel, King's Lynn, PE30 1JS

Full description

These two retail units set within a Grade II Listed building, are currently providing a rental income:-

Unit 1 - 5,000 per annum on a 5 year lease from 1st December 2016
Unit 2 - Currently vacant

The property offers good sized accommodation together with a basement area and is located in the centre of Fakenham, 100 yards from the market square.

Fakenham is located north of Swaffham and east of Kings Lynn. At Kings Lynn there is a mainline rail-link into London, Kings Cross.

Accommodation
Shared entrance hall

Unit 1
Office, lobby, meeting room, kitchen, w.c.

Unit 2
Main retail area, secondary retail area, kitchen, w.c., 3 cellar rooms

Outside
Side entrance to courtyard area, allocated parking space for each unit.

Business Rates
Unit 1 - 5,900 with effect from 1st April 2017
Unit 2 - 7,800 with efect from 1st April 2017

Viewings

05 Jul 2018 12:00 PM - 12:30 PM
12 Jul 2018 12:00 PM - 12:30 PM
19 Jul 2018 12:00 PM - 12:30 PM


Additional Fees
Administration Charge - 0.3% including VAT subject to a minimum of 840.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.


More information from this agent

Floorplans

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Master Floorplan Image

Map & Street View

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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 Auction House, East Anglia on 01603 505100.


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