Oak Street, Fakenham

DESCRIPTION
A mixed residential and commercial investment property in the heart of the town. The Grade II Listed building comprising Taylor´s Café at ground, lower ground & first floor levels, with a covered terrace at the rear, and a maisonette to the upper floors. The premises are let separately to tenants providing total income of £18,940 per annum.

ACCOMMODATION
Taylor's:

Ground Floor:
Stepped access from the pavement to;

Main Seating Area/Servery:
22'9" x 21'6" (6.93m x 6.55m) maximums
Stairs to first & lower ground floors and door to;

Kitchen:
12'7" x 11'2" (3.84m x 3.4m)

Lower Ground Floor:

"Lounge":
14'10" x 13'4" (4.52m x 4.06m)

"Snug":
7'9" x 7' (2.36m x 2.13m)

Corner Area:
6'9" x 6' (2.06m x 1.83m)

2 Public W.C.'s:

Steps up to;

Rear Lobby:
Door to covered terrace.

Rear Seating Area:
14'3" x 8'9" (4.34m x 2.67m) maximums

First Floor:
Landing with door to flat (locked).

Seating Area:
13' x 12' (3.96m x 3.66m)

The Maisonette:

External rear staircase to;

First Floor:

Entrance Hall:
Door to Taylor's landing (locked) and staircase to second floor or maisonette.

Kitchen/Breakfast Room:
13'1" x 11'3" (3.99m x 3.43m)

Bathroom:
9'6" x 5'6" (2.9m x 1.68m)

Sitting Room:
13'1" x 10'3" (3.99m x 3.12m)

Second Floor:

Bedroom (in two parts):
13'6" x 9'4" (4.11m x 2.84m) max & 13'7" x 11' (4.14m x 3.35m)

Outside:
Pedestrian access from Oak Street, at the side of No.7 serves the covered terrace for Taylor´s and staircase access to the maisonette.

SERVICES
The is one supply of all mains services to the building, each sub-metered to the maisonette.

TERMS
Tenure:

The property is held freehold, subject to the existing lettings:

Taylor´s - A lease for a term of 5 years with effect from 03/05/2024 at a rent of £13,000 p.a., with a rent review (linked to RPI) at 03/05/2027. The lease is drawn on effectively fully repairing and insuring terms, subject to the service charge being capped at 10% of the passing rent in any year.

The Maisonette - An Assured Shorthold Tenancy for 1 year, commencing 28/05/2019 at a rent of £495 p.c.m., without subsequent review.

OUTGOINGS
District Council: North Norfolk.
Taylor´s has a current Rateable Value of £8,400.
The Maisonette is assessed for council tax in band A.

VIEWING
By appointment through the Sole Agents,
Spalding & Co.,
Office Opening Hours:
Monday - Friday: 9:00 a.m. - 5:00 p.m.
Saturday: 9:30 a.m. - 12:30 p.m.