5 Market Street, North Walsham, Norfolk NR28 9BZ
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Freehold town centre office space
- Ground rent income from two flats
- Excellent income potential
- Guide price: £80,000 - £100,000
- For sale by national livestream auction
- Unless previously sold or withdrawn prior
- 11.00am, Wednesday 23rd October 2024
Description
FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY, 23 OCTOBER 2024
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Town centre freehold building with vacant shop and ground rent income from two leasehold apartments
A freehold town centre building incorporating a spacious retail area/office, which includes an internal glazed managers office, staff kitchen and shower room/toilet. There is also a cellar and access to significant outdoor space through the passageway on the right side of the building. The building includes two self contained flats which have been sold on a long leases but provide a small ground rent income.
This is an excellent investment opportunity or would suit an owner occupier looking for high profile office space close to the town centre. The shop has development potential into a flat and separate shop, subject to planning.
North Walsham is a busy market town in North East Norfolk with road and rail links to all major local centres including Norwich and Cromer.
Ground Floor Office/retail space with glazed internal office, shower room and kitchen area. Outside space.
The two upper flats which have been sold on 125 yr leases from April 2008 produce a ground rent income of £400 pa . The ground rent increases a further £200 every 25 years.
Business Rates 1 April 2023 to present: £11,250
Tenure: Freehold
EPC Rating: C
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £420 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.
5 Market Street, North Walsham, Norfolk NR28 9BZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- North Walsham Station0.4 miles
- Worstead Station3.2 miles
- Gunton Station3.4 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auction House UK group of
Industry affiliations
Notes
Disclaimer - Property reference 202404091542sq_bhhx. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.