Sue Ryder 34 High Street Sheringham Norfolk NR26 8DT

Sue Ryder
34 High Street
Sheringham
Norfolk
NR26 8DT

Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Popular and affluent town
Nearby occupiers include Post Office, Lloyds Chemist, Barclays Bank and Nationwide
Six Week Completion Period Availabl

Lot
1
Auction
6th December 2012
Rent
£10,000 per Annum Exclusive
Status
Sold
Price
£166,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Sue Ryder

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Freehold Retail Investment

Let to Sue Ryder on a new 10 year lease (no breaks)
Popular and affluent town
Nearby occupiers include Post Office, Lloyds Chemist, Barclays Bank and Nationwide
Six Week Completion Period Availabl

Lot 1
Auction 6th December 2012
Rent £10,000 per Annum Exclusive
Status Sold
Price £166,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Sue Ryder

Property Information

Location

Miles: 26 miles north of Norwich 40 miles east of King’s Lynn
Roads: A1082, A148, A149
Rail: Sheringham Rail Station
Air: Stansted Airport, Luton Airport

Situation

Sheringham is an attractive and popular coastal resort town situated on the Norfolk coast. The property is situated in a strong retailing position on west side of the High Street. Nearby occupiers include Post Office, Lloyds Chemist, Barclays and Nationwide.

Tenure

Freehold.

Location

Miles: 26 miles north of Norwich 40 miles east of King’s Lynn
Roads: A1082, A148, A149
Rail: Sheringham Rail Station
Air: Stansted Airport, Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from rear access.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from rear access.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	54.63 sq m	(588 sq ft)	SUE RYDER (1)	10 years from completion until 2023 on a full repairing and insuring lease	£10,000	2018
Totals		54.63 sq m	(588 sq ft)			£10,000

(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 8,000 volunteers and is supported through fundraising and retail activities via 350+ outlets nationwide. (Source: www.sueryder.org). For the year ending 31st March 2011, Sue Ryder reported a working capital of £12,560,000, a pre-tax profit of £2,153,000 and a total net worth of £45,059,000 (Source: www.riskdisk.com 24/08/2012)