67 Plumstead Road. Thorpe End, NR13
- PROPERTY TYPE
Terraced
- SIZE
420 sq ft
39 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 10% yield
- freehold
- current tenant
- great location
- commercial investment
- shop
- 2 x freeholds for flats
- established business
- instant income
Description
The ground floor unit is currently occupied by Creative Touch Beauty Salon and produces an annual rental income of £7,800 per annum, representing an attractive 10% yield. The current lease is set for a term of five years, providing an immediate income-producing asset for investors. The existing business is well established and will not be affected by the sale.
The commercial premises comprise a well-presented shop floor area, store cupboard and WC facilities, offering practical accommodation suitable for a variety of business uses. The property occupies a prominent position on the green within the popular and well-connected suburb of Thorpe End, to the east of Norwich, benefitting from passing local trade and nearby residential catchment.
In addition to the shop, the sale includes the freehold interest to two flats, offering further long-term investment potential and asset value enhancement opportunities. All tenants contribute equally towards the building insurance, with each party paying one-third of the premium.
This lot will appeal to investors seeking a mixed-use freehold investment with established income, future growth potential and a desirable suburban location close to Norwich city centre and surrounding amenities.
The property is offered for sale by auction and interested parties are advised to make all necessary enquiries prior to bidding.
Viewings are STRICTLY by appointment only. Please contact the auctioneers to arrange access.
Services:
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Please note:
Currently owned by a Pymm & Co Director
what3words /// audit.seats.dawn
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
67 Plumstead Road. Thorpe End, NR13
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Visit our security centre to find out moreDisclaimer - Property reference 17725_PYMM. 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 Pymm & Co, Norwich. 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 Pymm & Co, Norwich on 01603 361642.
*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.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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