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Fish Hill, Holt

£375,000

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A substantial double fronted retail unit let until 2022


LOCATION
Holt is a most popular provincial town and this part is a Conservation Area which extends into the Glaven Valley to the west. It has an excellent range of shops and other facilities with the coastal Area of Outstanding Natural Beauty lying immediately to the north.

DESCRIPTION
The property consists of a traditional two storey building that is Listed and comprises an attractive ground floor retail unit and a two bedroom flat.

The property was for many years an owner occupied as a hairdressing salon but in 2015 the property was let to Capri who have completely renovated the building to create Holt’s finest independent Pasta and Piz…

A substantial double fronted retail unit let until 2022


LOCATION
Holt is a most popular provincial town and this part is a Conservation Area which extends into the Glaven Valley to the west. It has an excellent range of shops and other facilities with the coastal Area of Outstanding Natural Beauty lying immediately to the north.

DESCRIPTION
The property consists of a traditional two storey building that is Listed and comprises an attractive ground floor retail unit and a two bedroom flat.

The property was for many years an owner occupied as a hairdressing salon but in 2015 the property was let to Capri who have completely renovated the building to create Holt’s finest independent Pasta and Pizza restaurant.

The first floor self contained flat is accessed via a rear court yard and is currently let to Capri at £500 per calendar month on an Assured Shorthold tenancy.

ACCOMMODATION
Shop
Retail Area - 800 sq ft overall.
Store & W.C.

Flat
Hall, Kitchen, Sitting Room, 2 Bedrooms & Bathroom.

SERVICES
Mains electricity, water and drainage

TERMS
The premises are currently let for 6 years from 24th January 2016 to T. Bradley trading as Capri pizza restaurant at an initial rent of £16,000pax.

There is an inflationary rent review (RPI) and a tenant break option after 3 years.
The tenant is responsible for internal repairs and a share of external repairs and maintenance.

The first floor is also let to T. Bradley on an assured shorthold tenancy which expired on 24th January 2017. The tenant is continues to occupy the flat at a rent of £6,000 per annum.

OUTGOINGS
£14,750

VIEWING
By appointment through the sole agents Cockertons Ltd.

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