95 Upper St. Giles Street, Norwich, Norfolk NR2 1AB
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- City centre lock up shop investment
- Currently let to along established tenant
- Passing rent £10,000 per annum
- Guide price: £85,000 - £95,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 11:00am - Wednesday, 12 February 2025
Description
AVAILABLE POST AUCTION
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
City centre shop currently let producing £10,000 pa
This city centre virtual freehold lockup shop incorporates a ground floor retail area, kitchenette and wc whilst on a lower level there is a further treatment room/office. Currently the premises are occupied by a long established beauticians on a 12 year lease from August 2019 with a passing rent of £10,000 per annum. The current occupier has been in situ since 2007. Upper St Giles is located within walking distance of the market place and city centre with a wide range of independent retailers, coffee shops and offices in the immediate vicinity. There is a significant passing footfall.
Ground Floor Shop Comprising of reception area, rear salon, wc and storage area.
Basement Treatment room
Lease Details 199 years from 14th March 2013 (187 years remaining)
Annual ground rent: please refer to legal pack
Annual service charge: please refer to legal pack
Business Rates 1 April 2023 to present £9,100
Tenure: Leasehold
Lease Details: 199 years from 14th March 2013
EPC Rating: D
Administration Fee: £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.
95 Upper St. Giles Street, Norwich, Norfolk NR2 1AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station0.9 miles
- Salhouse Station5.4 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
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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.”
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