This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Retail Property (high street) for sale

Boots Investment, 68, High Street, Stalham, NR12

Withdrawn from Market £200,000
2,323 sq. ft.

Property Description

Commercial information

  • 2,323 sq ft (215 sq m)

Key features

  • For Sale By Auction
  • First Class Occupier
  • Two Residential Flats
  • Potential Rear Development Plot (STP)

Full description

Tenure: Freehold


On Monday 23rd October 2017 at 3.15 pm at Keys Fine Art Auctioneers, Palmer Lane, Aylsham, Norfolk, NR11 6JA.

The property has a declared reserve of £200,000.

The property is situated in the heart of the market town of Stalham. Stalham is a town with a population of just under 4,000, serving a large and diverse rural catchment. The town is situated on the A149 Cromer to Great Yarmouth trunk road at its intersection with the A1151 Norwich to Wroxham Road. It is approximately 15 miles north east of Norwich. Stalham high street is characterised by a variety of independant traders and the Tesco superstore. Tesco has helped to anchor Stalham as a retail destination and the subject property is well positioned for pedestrian links between the town centre and the Tesco superstore. The subject property comprises a well proportioned retail unit on the ground floor with first floor consultation rooms and two separate flats.

The retail unit has been extensively fitted out by the current occupier, Boots, to include a good quality retail specification incorporating suspended ceiling with recessed strip lighting and air-conditioning.

Immediately to the rear of the main building is a gravelled car park with external store and car parking for ten cars.

To the rear of this is a small corrugated iron building with adjacent area of land which we believe has further development potential. (STP).

The property is held freehold and the ground floor and part first floor is leased to Boots UK Limited, on a 10 year lease from 1 June 2016. The passing rent is £13,500 per annum with a five year rent review.

The flats have recently been re-let and they have most recently achieved £395 pcm and £450 pcm, this has the potential to produce an additional gross rent of £10,140 pa.

This equates to a potential total gross income of £23,640 per annum.

This equates to a potential total gross income of £23,640 per annum.

The majority of the income is secured by Books UK Limited, a Grade A covenant and subsidiary of Alliance Boots GmbH with £23.4 Bn annual revenue.

More information from this agent

Map & Street View

Disclaimer - Property reference 333615. The information displayed about this property comprises a property advertisement. 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 Arnolds Keys, Norwich - Commercial. 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.

* The speed displayed is the maximum broadband speed package available on These may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by Decision Technologies Limited.

*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.”

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 Arnolds Keys, Norwich - Commercial on 01603 950248.

Map data OpenStreetMap contributors.