Full details for 2 Bedroom Property For Sale in Fakenham
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Description
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Mixed use investment comprising shop, warehouse and two bedroom flat producing £20,300 pa
This diverse property comprises a largely open plan ground floor retail unit with storage, fronting Bridge Street, with secondary access to the rear of the shop.There is also a two-storey flat roofed brick warehouse offering redevelopment potential, accessed either via double wooden doors in the courtyard or internally through the shop.
The ground floor retail and warehouse (1,311 sq/ft) is let on a 15 year lease from 25 March 2011 at a current rent of £14,000 pa.
The first floor flat (35B) is accessed via the rear courtyard and is let to a long established tenant who has been in occupation for around ten years on a holding over assured shorthold tenancy at £525 pcm (£6,300 pa).
There is a large rear courtyard providing ample off road parking.
Retail Retail (NIA) 55.27 595
Warehouse (66.49 sq/m / 716 sq/ft) Ground Floor 32.62 sq/m / 351 sq/ft
First Floor 33.87 sq/m / 365 sq/ft
First floor flat (70.45 m² / 758 sqft) 35B Kitchen, bathroom, living Room, two bedrooms
Ratable Value According to the Valuation Office website, the shop and premises has an area of 120 sq/m and a rateable value of £8,000 with effect from the 1st April 2023.
Tenure: Freehold
EPC Rating: E
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: £900 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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