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Guide price
£85,000

Property for sale

Norwich NR2
Auction
Property
Added < 14 days

Features and description

  • Tenure: Leasehold (188 years remaining)
  • City centre lock up shop investment
  • Currently let to along established tenant
  • Passing rent £10,000 per annum
  • Guide price: £85,000 - £95,000
  • For sale by online livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am - Wednesday, 12 February 2025

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY 12 FEBRUARY 2025

TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

City centre shop currently let producing £10,000 pa

This city centre virtual freehold lockup shop incorporates a ground floor retail area, kitchenette and wc whilst on a lower level there is a further treatment room/office. Currently the premises are occupied by a long established beauticians on a 12 year lease from August 2019 with a passing rent of £10,000 per annum. The current occupier has been in situ since 2007. Upper St Giles is located within walking distance of the market place and city centre with a wide range of independent retailers, coffee shops and offices in the immediate vicinity. There is a significant passing footfall.

Ground Floor Shop Comprising of reception area, rear salon, wc and storage area.
Basement Treatment room
Lease Details 199 years from 14th March 2013 (187 years remaining)
Annual ground rent: please refer to legal pack
Annual service charge: please refer to legal pack
Business Rates 1 April 2023 to present £9,100

Tenure: Leasehold

Lease Details: 199 years from 14th March 2013

EPC Rating: D

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: £600 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 succe... Show more
... Show more

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