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No longer on the market

This property is no longer on the market

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Mixed use

Auction
Sold STC
Mixed use
Added > 14 days

Key information

TenureFreehold
Council taxBand A

Features and description

  • Freehold building arranged as ground floor shop let producing £3,720 pa
  • Flat above sold off with 102 years remaining on lease
  • Guide price: £40,000 to £50,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am,Thursday 8th May 2025

SOLD AT AUCTION FOR £48,500

Freehold building arranged as ground floor shop let producing £3,720 pa with flat above

This town centre Grade II listed mid terrace property comprises a let ground floor shop and a self contained one bedroom maisonette above on the first and second floor which has been sold off on a 125 year lease from 28th October 2002 with 102 years remaining.

The shop trades as Vape Gurus and is let at £310 pcm (£3,720 pa) to a long established tenant, however there is no written lease in place.

According to the valuation office website the shop has an area of 29.65 sqm and a rateable value of £2,900 with effect from 1st April 2023. Due to small business rate relief no rates are payable.

Ground floor (46) Shop and store room with kitchen and wc in rear single storey modern extension.
First floor (46a) One bedroom two storey flat on first and second floors above accessed via passageway to side. Not inspected internally.
Council Tax Band (46a) A

Tenure: Freehold

EPC Rating: C

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

Buyer's Premium Fee: £900 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.

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About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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