Investment Heacham | PE31 7DP
Heacham |
34- 40 Station Road
PE31 7DP
RETAIL / A3 / A5 INVESTMENT OPPORTUNITY FREEHOLD FOR SALE • • • •
Popular north-west Norfolk tourist location Two adjoining let properties Part of parade including multiple retailers Strong trading position with roadside parking
Investment
01603 619876
www.rochesurveyors.co.uk
Heacham |
PE31 7DP
34-40 Station Road
Location The property occupies a central position in the village of Heacham, with the benefit of on-street parking and being part of a parade of shops with other tenants including Boots and McColl. Heacham is located in north-west Norfolk off the A149 road, approximately 15 miles (24 km) to the north of King’s Lynn and is a popular tourist destination. Description The property comprises two adjoining single storey premises with PVC double glazed shop fronts under a felt-covered mono-pitched roof.
VAT The Vendor reserves the right to charge VAT on the sale price. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction. Energy Performance Certificate The properties have an Energy Performance Rating of: Nos 34/36 Nos 38/40
E D
34-36 comprises retail and café premises and 38/40 is used as a hot food takeaway. Both have ancillary accommodation to the rear.
Full copies of the Energy Performance Certificates are available upon request.
Accommodation The properties have the following approximate net internal areas:
Viewing Strictly by appointment through the sole selling agents:
No 34 Retail Sales
Roche: Contact: James Allen Tel: 01603 756332 Email: [email protected]
sq ft 199
sq m 18.5
No 36 Café Kitchen Stores
310 69 15
28.8 6.4 1.4
No 38/40 Takeaway Sales Storage 1 Preperation area Storage 2
619 43 91 33
57.5 4.0 8.5 3.1
Tenure Freehold, subject to and with the benefit of the two leases. Lease Term and Tenant 34/36 Station Road is let from 22 March 2010 on a 10 year term subject to a rent review after 5 years. 38/40 Station Road is let from 6 January 2010 on a 10 year term, subject to a rent review after 5 years. Neither lease has any outstanding break clause. Both leases are on internal repairing and insuring terms with the Tenants being liable to reimburse the cost of structural and external repairs incurred by the Landlord by way of a service charge. The rent reviews in 2015 have been implemented and the combined rent is £18,750 per annum. Price The property is offered at a price of £185,000, exclusive of VAT, providing a purchaser with a gross initial net return of approximately 10.1%.
SUBJECT TO CONTRACT
IMPORTANT NOTICE Roche Chartered Surveyors for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that: a) The particulars are set out as a general outline only for the guidance of intending purchasers or tenants and do not constitute, nor constitute a part of, an offer or a contract. b) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. c) No person in the employment of Roche Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property.
34- 40 Station Road
PE31 7DP
RETAIL / A3 / A5 INVESTMENT OPPORTUNITY FREEHOLD FOR SALE • • • •
Popular north-west Norfolk tourist location Two adjoining let properties Part of parade including multiple retailers Strong trading position with roadside parking
Investment
01603 619876
www.rochesurveyors.co.uk
Heacham |
PE31 7DP
34-40 Station Road
Location The property occupies a central position in the village of Heacham, with the benefit of on-street parking and being part of a parade of shops with other tenants including Boots and McColl. Heacham is located in north-west Norfolk off the A149 road, approximately 15 miles (24 km) to the north of King’s Lynn and is a popular tourist destination. Description The property comprises two adjoining single storey premises with PVC double glazed shop fronts under a felt-covered mono-pitched roof.
VAT The Vendor reserves the right to charge VAT on the sale price. Legal Costs Each party is to be responsible for their own legal costs incurred in the transaction. Energy Performance Certificate The properties have an Energy Performance Rating of: Nos 34/36 Nos 38/40
E D
34-36 comprises retail and café premises and 38/40 is used as a hot food takeaway. Both have ancillary accommodation to the rear.
Full copies of the Energy Performance Certificates are available upon request.
Accommodation The properties have the following approximate net internal areas:
Viewing Strictly by appointment through the sole selling agents:
No 34 Retail Sales
Roche: Contact: James Allen Tel: 01603 756332 Email: [email protected]
sq ft 199
sq m 18.5
No 36 Café Kitchen Stores
310 69 15
28.8 6.4 1.4
No 38/40 Takeaway Sales Storage 1 Preperation area Storage 2
619 43 91 33
57.5 4.0 8.5 3.1
Tenure Freehold, subject to and with the benefit of the two leases. Lease Term and Tenant 34/36 Station Road is let from 22 March 2010 on a 10 year term subject to a rent review after 5 years. 38/40 Station Road is let from 6 January 2010 on a 10 year term, subject to a rent review after 5 years. Neither lease has any outstanding break clause. Both leases are on internal repairing and insuring terms with the Tenants being liable to reimburse the cost of structural and external repairs incurred by the Landlord by way of a service charge. The rent reviews in 2015 have been implemented and the combined rent is £18,750 per annum. Price The property is offered at a price of £185,000, exclusive of VAT, providing a purchaser with a gross initial net return of approximately 10.1%.
SUBJECT TO CONTRACT
IMPORTANT NOTICE Roche Chartered Surveyors for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that: a) The particulars are set out as a general outline only for the guidance of intending purchasers or tenants and do not constitute, nor constitute a part of, an offer or a contract. b) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. c) No person in the employment of Roche Chartered Surveyors has any authority to make or give any representation or warranty whatever in relation to this property.
