No longer on the market
This property is no longer on the market
MapMixed use
Key information
Features and description
- Freehold investment opportunity in town centre location
- Three storey terrace of shops and maisonette
- Producing (all let) £ 32,760 pa
- Guide price: £285,000 to £310,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00 am, Wednesday 30th July 2025
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 30TH JULY 2025 AT 10:00AM. TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Freehold investment opportunity in town centre location - three maisonettes and three shops producing (all let) £32,760 pa
This Three storey terrace of shops and maisonettes is located at the heart of the busy market town and offers excellent investment opportunity. All maisonette are let on assured shorthold basis jointly producing nearly £18,960 pa. All three shops are let providing a further income of £13,800 pa
The building is situated a few steps from the market place in a prominent position. Dereham is a busy market town with a wealth of high street shops, recreational and community facilities, ample parking is available nearby.
Accommodation Ground floor: Three lock up shops
Upper floors: Two of the flats (3C and 3D) are approached via an external staircase with the remaining flat (1A) having an access to the side of 1 Wellington Road, Each flat comprises: Lounge, kitchen, bathroom and double bedroom.
Tenancy Details For full details please refer to the legal pack
Business Rates 1 - current rateable value is £6,400 pa
3a - current rateable value is £6,000 pa
3b - current rateable value is £3,750 pa
Council Tax Band 1A = A, 3C = A, 3D = A
Viewing Viewings are available by appointment only. To book a viewing please contact the Norwich office.
Require a Mortgage or Loan? We strongly advise that your finance is fully approved prior to bidding. Please be aware that an Agreement in Principle (AIP) may not be sufficient. Should your lender be unable to proceed post-auction, you risk losing your deposit and incurring significant costs.
To ensure you are fully prepared, contact our team today to discuss auction finance options and secure funding before bidding.
Tenure: Freehold
EPC Rating: 1a - F, 3c - F, 3d - 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.
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