118 Hall Road, Norwich, Norfolk NR1 3HP

FOR SALE BY LIVESTRAM AUCTION ON WEDNESDAY 12 JUNE AT 10AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

A highly productive mixed use investment currently producing £30,350pa

This mixed use investment property currently comprises of a cafe and four bedsit apartments producing an annual income of £30,350 pa.
The shop is let on a five year lease from Jan 24 with an income of £8,400 pa and the four bedsit apartments jointly produce an annual income of £21,950. One of the flats is fully self contained and the other three units share a recently upgraded kitchen. There is an ensuite bathroom to the top floor flat and the remaining units share a shower room, which has also recently been upgraded.
The premises are located on a busy road less than a mile from Norwich City centre surrounded by local shops residential properties, schools and other community facilities.

Ground Floor Cafe with dining and kitchen areas, wc. Studio apartment to rear
First Floor Kitchen, shower room, two letting rooms
Second floor Studio apartment with ensuite shower room
Outside Front cafe seating area, rear garden
Business Rates 1 April 2023 to present: £5,800
Council Tax Band A

Tenure: Freehold

EPC Rating: D

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.