Freehold Retail Investment
Freehold Retail Investment
Cromer is a historic fishing town on the north coast of Norfolk, some 23 miles north of the county town of Norwich, 30 miles north-west of Great Yarmouth and 85 miles northeast of Cambridge. The property is located in the town centre on the west side of High Street and occupies a prominent corner position adjoining Church Street. Occupiers nearby include Co-operative Food, M&Co, Lloyds Pharmacy, Superdrug and Boots.
Freehold.
Cromer is a historic fishing town on the north coast of Norfolk, some 23 miles north of the county town of Norwich, 30 miles north-west of Great Yarmouth and 85 miles northeast of Cambridge. The property is located in the town centre on the west side of High Street and occupies a prominent corner position adjoining Church Street. Occupiers nearby include Co-operative Food, M&Co, Lloyds Pharmacy, Superdrug and Boots.
Freehold.
The property is a four storey building comprising two ground floor retail units with first, second and third floor ancillary space above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property is a four storey building comprising two ground floor retail units with first, second and third floor ancillary space above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|---|
| Unit 46 | Ground First Second |
Retail/Ancillary Retail/Ancillary Ancillary |
23.29 sq m 50.09 sq m 52.70 sq m |
(250 sq ft) (539 sq ft) (567 sq ft) |
INDIVIDUALS t/a Upstairs Downstairs (1) |
5 years from 14/10/2013 |
£9,000 | Holding over |
| Unit 46a | Ground First |
Retail/Ancillary Ancillary |
46.20 sq m 9.00 sq m |
(497 sq ft) (96 sq ft) |
VACANT (1) | – | – | – |
| Total | 181.28 sq m |
(1,949 sq ft) |
£9,000 (1) rising to £25,000 |
|||||
(1) Terms for a new 5 year lease of both units 46 and 46a at £12,500 per annum, rising to £25,000 per annum in year two, with an option to determine in the third year, have been agreed and are currently in solicitors hands, due to complete imminently.
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