About this property

Detailed Description

Situated in the heart of the Market Place, 44 Market Place stands proudly in the heart of the town.
The accommodation is full of character and laid out over three floors plus a small basement. The unit is suitable for a variety of uses subject to planning. Currently the ground floor and basement are used for a commercial purpose with the 1st and 2nd floor as a residential flat.
The unit is currently let to the well known and popular Coffee Smiths who have triggered their break option to expand in the town and this provides a rare opportunity to purchase a freehold in a prime location which will become vacant in December 2025.

Location

North Walsham is a busy market town situated in the north-eastern part of Norfolk, an area well placed between the popular tourist areas of Poppyland and The Broads. The famous ruined Church tower can be seen from most of the town which is also home to Paston College. This was opened by Sir William Paston in 1606 and was attended by Horatio Nelson prior to him joining the Royal Navy.

The town is the largest of North Norfolk's 'Principal Settlements' and a primary retail destination with a strong collection of both local and national retailers. It lies just over 5 miles from the scenic coastal village of Mundesley and about 16 miles north of Norwich.

Business Rates

Rateable Value £5,000 P.A.
Flat council tax band A.

VAT

It is understood that VAT is not applicable.

Terms

Offers are invited for the freehold premises which are currently let under the following terms:-
6 Year FRI term from 05/12/2022
£11,500 P.A.
Break Clause triggered with the property due to become vacant in December 2025.