Commercial Investment Norfolk NR3 £110-£130,000

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Auction date: Wed, 15/02/2017 - 11:00

Freehold retail premises 123.7sq/m (1,331sq/ft) with additional ground rent income from two flats This is an end terrace two storey building. On the ground floor is a prominent shop with extensive window frontage. It is let, on a ten year lease with effect from 1st January 2017 at a current passing rent of £13,200pa, rising in 2022 to £14,400. Above the flat on the first floor are two flats subject to a 125 year lease with effect from 1998 (106 years remaining). The ground rent is believed to be £50pa per flat, increasing by £25 every twenty-five years.

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