2 bed Flat For Sale £90,000
For sale by auction on Wednesday, 08 Feb 2023 at 11:00
Venue: Livestream Auction
Commercial investment comprising a let pub, hairdressers and flat producing £12,000 pa
This Grade II listed double-fronted mid-terrace town centre property is currently operating as two separate commercial businesses. A ground floor hairdresser trading as Room 18 and a public house trading as The Market Tavern with integrated first floor one bedroom flat.
There is one four year lease in place dated 29th September 2022 for the whole building to a long established tenant at a current passing rent of £1,000 pcm (£12,000 pa).
The rateable value is £4,750 and the property currently benefits from 100% Small Business Rates Relief.
Lower ground floor
Cellar
Ground floor
Two shop areas, separate male and female wc, walk in cupboard, bar area, rear games room
First floor
Landing, bedroom, sitting room, kitchen / diner, bathroom
Outside
Small open air courtyard at the rear of the pub section
Council Tax
Flat - A
Viewings
Open Viewings will be arranged - appointment essential, please call our Norwich office on to be allocated a time slot.
EPC Rating: C
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Commercial investment comprising a let pub, hairdressers and flat producing £12,000 pa
This Grade II listed double-fronted mid-terrace town centre property is currently operating as two separate commercial businesses. A ground floor hairdresser trading as Room 18 and a public house trading as The Market Tavern with integrated first floor one bedroom flat.
There is one four year lease in place dated 29th September 2022 for the whole building to a long established tenant at a current passing rent of £1,000 pcm (£12,000 pa).
The rateable value is £4,750 and the property currently benefits from 100% Small Business Rates Relief.
Lower ground floor
Cellar
Ground floor
Two shop areas, separate male and female wc, walk in cupboard, bar area, rear games room
First floor
Landing, bedroom, sitting room, kitchen / diner, bathroom
Outside
Small open air courtyard at the rear of the pub section
Council Tax
Flat - A
Viewings
Open Viewings will be arranged - appointment essential, please call our Norwich office on to be allocated a time slot.
EPC Rating: C
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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