Skip to content
Buy
Property for sale New homes for sale Property valuation Investors Mortgages
Rent
Property to rent Student property to rent
Find Agent
Find estate agents
House prices
Sold house prices Instant online valuation
Commercial
Commercial property to rent Commercial property for sale Advertise
Inspire
Moving stories Property news Energy efficiency Property guides Housing trends Overseas blog Mortgage guides
Overseas
All countries Spain France Portugal Italy Greece Currency Sell Overseas property

10 High Street, Dereham, Norfolk, NR19

Fixed Price
£154,000

£220.00 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

700 sq ft

65 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: Class E

E

Key features

  • Rental Income: £10,925 p.a.
  • Gross Initial Yield: 7.09%
  • Comprises ground floor shop and 2 flats above which have been sold-off on long leaseholds
  • Commercial unit let until 2032 to a Charity shop with 11 locations. Tenant in occupation since 2010.

Description

Investment Consideration:
Gross Initial Yield: 7.09%
Rental Income: £10,925 p.a.
VAT is applicable to this property
Comprises ground floor shop and 2 flats above which have been sold-off on long leaseholds
Commercial unit let until 2032 to a Charity shop with 11 locations. Tenant in occupation since 2010.
Occupiers nearby including Argos, Greggs, HSBC, Vodafone, Café`s, Restaurant`s and many more.

Property Description:
Comprises ground floor shop and 2 self-contained flats above (both sold-off), providing the following accommodation and dimensions:
Ground Floor Shop: 65 sq m (700 sq ft)
Open plan retail, storage, kitchen, wc
First/Second Floor Flat 10A: Sold off
First/Second Floor Flat 10B: Sold off

Tenancy:
The retail shop is at present let to The Big C Appeal Limited for a term of 10 years from May 2023 at a current rent of £10,750 p.a. and the lease contains full repairing and insuring covenants. Rent review in May 2026 and May 2029. Tenant in occupation since 2010.
Flat 10A has been sold-off on long leasehold for a term of 166 Years from 24th June 1984 at a ground rent of £25. Reversion 2150.
Flat 10B has been sold-off on long leasehold for a term of 125 Years from 21st March 2017 at a ground rent of £150. Reversion 2142.

Location:
The market town of Dereham, is located on the A47 some 16 miles west of Norwich and 26 miles east of King’s Lynn. The town lays to the north of the A47 the main road linking Birmingham to Lowestoft. The property is situated in the heart of the town centre with occupiers nearby including Argos, Greggs, HSBC, Vodafone and many more.

Brochures

10 High Street, Dereham, Norfolk, NR19

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wymondham Station10.9 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference dereham10highst. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

Email

Call

Email