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Lot - 28, 28a & 28b Station Road, Sheringham, Norfolk, NR26 8RF

Guide Price* £215,000 +

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Property Type
Mixed Use
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold two-storey end of terrace building arranged as a retail unit and outbuilding with a two-bedroom flat above
  • Retail unit, rear outbuilding and a two-bedroom flat
  • Currently Producing £30,000 p.a.

Freehold two storey end of terrace building arranged as a ground retail unit and outbuilding with a two-bedroom flat above - Investment producing £30,000 p.a.

Description

The property comprises an end of terrace unit with ground floor retail accommodation with additional two-storey storage to the rear and a 2-bedroom flat above.
The property is of traditional brick construction under a pitched and clay pan tiled roof; there is a single storey flat roof extension to the front of the property which comprises largely of UPVC double glazed display windows.
To the rear of the property there is a small outbuilding which is accessed via a slabbed pavement to the side, this building is predominantly used for storage, there is also a large fridge freezer and WC facility in this building.

Location

The market town of Sheringham is a popular tourist destination namely due to its situation on the North Norfolk coast, approximately 25 miles north of Norwich and 4 miles west of Cromer. The subject property fronts onto Station Road, which is the main retail street in the town, also having the added benefit of being in a mixed residential and commercial catchment area with further trade gained from passing pedestrians and vehicular traffic going to and from Sheringham railway station (Greater Anglia network) giving access into the centre of Norwich.

Accomodation

Unit Floor Accommodation Floor Area (Sq.m) Floor Area (Sq.ft) Tenant Tenancy Rent (p.a.)
28 & 28b Ground floor Retail unit, Ancillary
Rear Ancillary / Smokehouse
92.93 1,000 Jamie Weston
t/a
CA Seafoods
The entire premises are let on a FR&I lease for a term of 10 years from 25/4/2025.
Rent review due in 4 years
£30,000
28a First floor flat Two bedrooms,
reception room, kitchen, bathroom/wc
62.5 673
Total current rent payable £30,000 per annum

EPC Rating

To be advised

VAT

Please refer to the legal pack in this regard.

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). 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 Price (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 Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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