11, Station Road
Sheringham
Norfolk
NR26 8RE
Station Road, Sheringham
£295,000
3 Bedroom Maisonette
TOWN CENTRE RETAIL & RESIDENTIAL INVESTMENT PROPERTY - Retail 43.07 m² (464 sqft) -Residential 67.74 m² (729 sqft). The property is situated to the east of Station Road at the junction with Melbourne Road within Sheringham town centre.
DESCRIPTION
The property comprises a semi-detached ground-floor retail unit, currently occupied by Streat Boss, with a vacant three-bedroom maisonette on the upper floors.
The ground floor features a largely open-plan sales/seating area with a return frontage to Melbourne Road.
The maisonette, spanning part ground, first, and second floors, has front and rear access and benefits from one parking space.
ACCOMMODATION
The premises have been measured in accordance with RICS Code of Measuring Practice and report the following Net Internal Areas (NIA) for the commercial accommodation and Gross Internal Areas (GIA) for the maisonette.
Ground Floor Retail 43.0m² 464 sq ft
Maisonette 67.74m² 729 sq ft
Total 110.81m² 1,193 sq ft
TERMS
The freehold interest in the property is available for sale at £325,000 exclusive. The property is available with ground floor tenant and associated lease in place.
BUSINESS RATES
The property has been entered onto the Valuation Office Agency website as the following:
Ground Floor Retail
Description: Café and Premises
Rateable Value: £10,000
Rates Payable 2024/2025: £4,990
https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief
The maisonette has been assessed as Council Tax Band A
LEGAL COSTS
Each party to bear their own costs.
VAT
Our client reserves the right to charge VAT in line with current legislation.
TENANCY
GROUND FLOOR
Tenant: Robert Grand T/A Streat Boss
Term: 5 years from 15 October 2021
Rent: £12,000 per annum
Repairs: Effective full repairing and insuring
UPPER FLOORS
Vacant
EPC
The property has an EPC rating of:
Ground Floor Commercial :C
Upper Floors Residential: E
VIEWING AND FURTHER INFORMATION
Strictly by appointment with the sole agents on 01603 620551.
SUBJECT TO CONTRACT - HRD
jr/120
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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