House For Sale £75,000
Magdalen Street, Norwich NR3

abbotFox present this commercial investment producing £6,870 per annum. The property currently offers a retail unit on the ground floor let to a hairdressers and a ground floor shop with a further three self contained residential flats on first and second floors sold off on long leases.

No 120
This ground floor shop trades as Zippers and is on a 125 year lease from 13th August 2014, expiring 12th August 2139.

No 124
The ground floor shop extends to around 32 sq/m (346 sq/ft) and is let on a six year lease from 30th January 2017, expiring 29th January 2023. Current rent is £560 pcm (£6,720 pa).

Flats 1-3,120a, The Archway
The three flats above on the first and second floors with rear parking are on a 999 year lease from 1st June 1989 expiring 31st May 2988. Ground rent income is £50 pa per flat (£150 pa in total).

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