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3 bedroom retail property (high street) for sale

93 & 93a High Street, Gorleston

Guide Price* £180,000

Property Description

Key features

  • Mixed use freehold investment currently producing 21,320 pa
  • Restaurant and two floor maisonette
  • Prominent high street location
  • Guide price: 180,000 - 200,000
  • For sale by auction
  • Unless previously sold or withdrawn prior
  • 11:00am - Thursday, 25th October 2018
  • Dunston Hall Hotel, Norwich, NR14 8PQ

Full description

This mixed use freehold investment property is prominently situated in Gorleston High Street, close to a wide range of local and national retailers.

The ground floor is currently let on terms of an internal repairing lease with approximately six years remaining unexpired at a passing rent of £15,500 per annum. There is a self-contained first and second floor maisonette, currently let on an Assured Shorthold Tenancy, producing £6,300 per annum giving a current rental income of £21,800 per annum.

This is an excellent freehold investment with a long trading history and established tenants.

Description

Ground Floor
Seating/restaurant, kitchen and serving areas, store room, ladies and gentlemens cloakroom, external w.c., stores, rear yard

First Floor
Landing, living room, kitchen, dining room/bedroom 3, shower room

Second Floor
Two bedrooms.

Business Rates
The ground floor has a rateable value of of £7,900 per annum.

Viewings

Please call the Auctioneers - 01603 505100

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

Energy Performance Certificates (EPCs)

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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