Retail premises for sale in 24 Market Street, Wymondham, Norfolk NR18

For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

A prominent shop let to an established tenant with a current rent of £13,800 pa, additional ground rent income from five flats of £150 pa each, providing a gross income of £14,550 pa

Located close to the Market Place this prominent Grade II listed building is let to a bridal wear shop with a rent of £13,800 pa, an additional £750 pa is derived from the ground rent income from five self contained units which are located to the rear of the property.

National retailers, banks and local retailers are located nearby and the property lies in an area of high footfall with public carparking nearby.

The Shop and Flats
Main retail area kitchen and storage (43.1 sq/m)

Unit 1: Bed/sitting room, en-suite shower room, kitchen/dining room (ground floor)

Unit 2: Bedroom, sitting room, kitchen, shower room. (ground floor)

Unit 3: Kitchen/sitting room, study, bedroom, shower room. (first and second floor)

Unit 4: Studio with kitchen area and en-suite shower room. (first floor)

Unit 5: Hall, kitchen/living room, bedroom, bathroom. (first floor)

Business Rates
1 April 2023 to present: £12,000

VAT
Seller reserves the right to charge vat.

Viewings
Viewings are by appointment only and in conjunction with the tenant. The final one is Tuesday 30 April. Please call the Norwich office to book an appointment.

EPC Rating: D

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.