About this property

Detailed Description

The property comprises an attractive office/shop premises with two flats above which are sold off on a long leasehold basis.
Internally, the ground floor office/shop offers well presented, attractive accommodation that is mostly open plan with the exception of an internal, glazed office to the rear. There is a shower and WC to the rear of the property with a kitchenette along one wall. The property has a good-sized basement, accessed via a staircase, which offers additional storage space. To the side of the property is a small courtyard garden.
The upper floors have separate access and are occupied as residential accommodation, divided into two flats both of which have been sold off on a long leasehold basis.

Location

North Walsham is a busy market town within the North Norfolk district, approximately 15 miles north of Norwich and 7.5 miles south of Cromer.
The property is located just off the market place, with nearby occupiers including Costa Coffee, Lloyds Bank, Specsavers and Bupa Dental.

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.

VAT

It is understood that VAT is applicable.

Legal Costs

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

Terms

The Property is freehold and vacant possession will be given for the ground floor upon completion. The two flats are each let on 125 year leases, commencing April 2008. The ground rent is currently £200 per annum per flat, which increases every 25 years by £200, and there is an additional service charge of £100 per annum payable per flat. The current combined income is £400 per annum.