Mixed use
Key information
Features and description
- Mixed use investment producing £23,400pa
- 2 retail units
- 3 bedroom duplex flat
- Fringe town centre location
- Excellent investment
- Guide price: £180,000 to £220,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 10:00am - Wednesday, 30th July 2025
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDY, 30TH JULY 2025
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A mixed use investment producing a high annual rental income
On the western fringe of the town centre is this mixed unit investment comprising two retail units with an independently accessed three bedroom duplex flat above.
The two retail units are both let on six year leases from 2024 at rents of £4,200 and £8,400 per annum respectively while the flat is let on an Assured Shorthold Tenancy which is holding over at a rent of £900 per calendar month.
With a total annual income of £23,500 which represents 11.7% of the low Guide Price this is certainly a great investment opportunity.
Business Rates According to the Valuation office website, 5 and 5A Norwich Road has a rateable value of £8,200 (1 April 2023 to present)
Council Tax Band - 5B Norwich Road A
Tenure: Freehold
EPC Rating: E
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1140 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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