67 Plumstead Road, Thorpe End, Norwich, Norfolk, NR13 5AJ
- Unconditional Online Auction Sale
- Guide Price* : £75,000 - £80,000 (plus fees)
Pymm & Co Auctions are delighted to offer a great investment opportunity, 67 Plumstead Road, Thorpe End, Norwich, NR13 5AJ
Description
Pymm & Co Auctions are delighted to offer 67 Plumstead Road, Thorpe End, Norwich, NR13 5AJ which presents an excellent commercial investment opportunity comprising a ground floor retail premises together with the freehold interest to two self-contained flats.
The ground floor unit is currently occupied by Creative Touch Beauty Salon and produces an annual rental income of £7,800 per annum, representing an attractive 10% yield. The current lease is set for a term of five years, providing an immediate income-producing asset for investors. The existing business is well established and will not be affected by the sale.
The commercial premises comprise a well-presented shop floor area, store cupboard and WC facilities, offering practical accommodation suitable for a variety of business uses. The property occupies a prominent position on the green within the popular and well-connected suburb of Thorpe End, to the east of Norwich, benefitting from passing local trade and nearby residential catchment.
In addition to the shop, the sale includes the freehold interest to two flats, offering further long-term investment potential and asset value enhancement opportunities. All tenants contribute equally towards the building insurance, with each party paying one-third of the premium.
This lot will appeal to investors seeking a mixed-use freehold investment with established income, future growth potential and a desirable suburban location close to Norwich city centre and surrounding amenities.
The property is offered for sale by auction and interested parties are advised to make all necessary enquiries prior to bidding.
Viewings are STRICTLY by appointment only. Please contact the auctioneers to arrange access.
Services:
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees:
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please note: Property currently owned by a Pymm & Co Director
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Loading the bidding panel...
Agreement Documents
Legal Documents
Log in to view legal documentsMake an Enquiry
Submit an enquiry and someone will be in contact shortly.
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.