29-33 King Street, Thetford, Norfolk IP24 2AN
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Leasehold part let investment opportunity
- Currently part let at £18,500 PA
- Parking to the rear for two cars
- Two shops and a former bank
- Guide price: £175,000 to £205,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Thursday 8th May 2025
Description
SOLD AT AUCTION FOR £205,000
Leasehold investment opportunity comprising of two shops with office space above and a former bank. The property is currently part let bringing in a income of £18,500 per annum.
This commercial property comprises two shops fronting King Street with office space above these are arranged over ground, first and part basement floors. Fronting Riverside Walk is a third shop arranged over ground floor only. The property also benefits from parking spaces to the rear the property.
Currently the property is part let producing £18,500 per annum, if all units were fully let there is the potential to make significantly more.
The former pharmaceutical shop is currently vacant, on the ground floor there is a mixture of office space, storage and a kitchen and there are toilets upstairs.
The former high street bank is vacant and has a main large room open plan shop area with stairs leading down to the bank safe and toilets. There is additional office space to the rear of the shop area. There is a second entrance leading from Riverside Walk which has refurbished office space upstairs this is currently let bringing in an income of £12,000 per annum.
The third shop fronting Riverside Walk is currently let to a gold and antiques shop with a yearly income of £6,500 per annum.
The property is leasehold and has 112 years from 29/09/1967.
The yearly ground rent is approximately £9,125.00 per annum.
Accomodation Three shops, a former bank and parking to the rear
Tenure: Leasehold
EPC Rating: C, D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 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.
29-33 King Street, Thetford, Norfolk IP24 2AN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thetford Station0.4 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
Disclaimer - Property reference 202412161510sq_l6s9_copy_2025-04-10_162638. 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 Auction House, East Anglia. 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.
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 361653.
*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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