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Ivy House, Market Place, Reepham, Norwich, Norfolk, NR10 4JJ
£375,000
Investment
  • Part vacant, part income producing
  • Suit owner occupier and/or investor
  • May be suitable for conversion to residential subject to planning

Mixed use investment opportunity

Arrange viewing

About this property

Detailed Description

The Grade II listed period property comprises a C18 house converted to offices, shop and separate garden flat, being of painted brick elevations, under a pantile roof
The property is of two storeys with attic and basement to the marketplace and three storeys with small, enclosed south facing garden to the rear off Back Street.

Location

The picturesque town of Reepham has a population of 2,709 (2011 Census) and is situated in the Broadland district of Norfolk, approximately 12 miles northwest of Norwich, and 13 miles south of Holt.
The property is situated on the south-western side of Market Place, with additional access to the rear off Back Street. Reepham has a good range of local shops and amenities, to include the Dial House restaurant and hotel, pubs, coffee shops, butchers, pharmacy and Spar shop.
Description

Accommodation

Accommodation
The accommodation is as follows:

m2 / ft2

Shop Premises
Ground Floor
Sales 23.78 / 256
Kitchen 4.37 / 47
Basement
Rough Storage 27.50 / 296
Total 55.65 / 599


Office Premises
Ground Floor
Offices 40.51 / 436
Store 6.60 / 71
Lobby 4.55 / 49

First Floor
Offices 67.63 / 728

Attic
Rough Storage 41.5 / 447

Total 160.82 / 1,731

Garden Flat
Comprising Living
Room/Kitchen, Bedroom,
Shower Room and WC
29.54 / 318

Grand Total
246.0 / 2,648

Business Rates

Business rates will be the responsibility of the occupier. The premises have the following assessment:-
Shop
Description
Shop & premises
Rateable Value
£4,250
Office
Description
Offices & premises
Rateable Value
£7,800
Due to the low RV figures, an occupier may be eligible for Small Business Space relief, and effectively pay zero business rates.
Garden Flat
Council Tax Band
Band A
£1,351

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the Selling Agent.

VAT

It is understood that VAT is not applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Other

The freehold of the property, subject to and with the benefit of the two leases, is available at a price of £375,000

Save
To arrange a viewing contact

The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB

07977 121341

01603 598241

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