Mixed use

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY, 26 MARCH 2025
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Mixed use premises comprising two shops (currently one), two flats tenanted on AST's and a garage/workshop site producing £42,540 pa

Offering this mixed use site situated on the north side of the city of Norwich. Located in a prominent position on the ring road this site offers great potential and an opportunity for development (stpp). Pegasus Models currently occupy both shops and have been running a successful business for many years. There is a large car park serving the shop which leads to a garage/workshop currently let to a mechanic servicing and maintaining vehicles.
Above the shop there are two, one bedroom flats currently let on ASTs. The total income of the whole site is £42,540 pa. Viewings can be arranged by prior appointment.

Shop producing £1,450 pcm
Flat 1 £700 pcm
Flat 2 £800 pcm
Garage £595 pcm

Shop Two retail areas, cellar divided into two, kitchen, office, storage unit to rear.
Currently producing £17,400 pa, £1,450 pcm
Flat 1 Currently let producing £8,400 pa, £700 pcm
Flat 2 Currently let producing £9,600pa, £800 pcm
Garage/Workshop Situated to the rear of the building there is a large workshop with parking area.
Currently let producing £7,140pa, £595 pcm
Outside There is a driveway leading to a large car park which offers great potential for redevelopment, subject to planning.
Business Rates The current rateable value according to the government website is £18,750
Council Tax Band Flats - A

Tenure: Freehold

EPC Rating: E

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £960 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.