Retail plus Residential Accommodation DRAFT

57.09 SqM (613 SqFt) plus Residential Accommodation

TOWN CENTRE LOCATION

VACANT RETAIL SPACE

OF INTEREST TO INVESTORS

AND OWNER OCCUPIERS

FIRST FLOOR 1 BED FLAT

LET ON AST

44e, Station Road, Sheringham, Norfolk NR26 8RG

The market town of Sheringham is a popular tourist destination situated on the North Norfolk coast, approximately 25 miles north of Norwich and approximately four miles west of Cromer. Sheringham is a coastal town and has an established and diverse retail core. The subject property is located in the town centre just off Station Road, the main retailing street within the town and is accessed to the side of Papworths Butchers.

Retail

For Sale/May Let

Note: Arnolds for themselves and for the vendors or lessees of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or

contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchaser or lessees 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 (iii) no person in the employment of Arnolds has any authority to make or give any representation or warranty whatever in relation to this property.

44e, Station Road, Sheringham, Norfolk NR26 8RG

Description

The property comprises the ground floor retail premises of traditional brick and block terraced parade. Prevously used as a Computer Repair Shop the property provides three rooms of flexible accommodation, with kitchen and WC. The property is carpeted throughout with plastered and emulsioned walls, wall mounted radiators under a suspended ceiling with strip flourescent lighting. The property has single glazed timber framed windows. The first floor flat has a separate entrance and has undergone some modernisation and redecoration over recent years. Externally, there are two car parking spaces.

Accommodation

We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate floor areas:

m2 Sq ft Retail 57.09 613 WC --- --- TOTAL NIA 57.09 613 Residential Entrance Hall Lounge 14’11” max (11’6” min) x 13’7” Kitchen 10’5” x 8’6” Bedroom 15’ x 8’1” Bathroom

Terms

The freehold interest in the property is available for sale at a guide price of £185,000, exclusive. Alternatively, the retail space may be available to let on a new effectively full repairing and insuring lease, for a term to be agreed, at an initial rent of £8,000 per annum exclusive.

Tenancy

The flat is occupied on a Shorthold Tenancy Agreement. The current tenant took occupation on 10 January 2019 and their tenancy became periodic on 9 January 2020. They are paying £495 per calendar month.

Business Rates and Council Tax

The property has been entered onto the Valuation Office Agency website as the following: Description: Shop and Premises Rateable Value: £5,800 Rates Payable 2019/2020: £2,847.80 Council Tax Band: A

Legal Costs

Each party to bear their own costs.

VAT

VAT is not currently payable, however, our client retains the right to charge VAT in line with current legislation.

Energy Performance Certificate

The commercial element has an EPC rating of: D

The residential element has an EPC rating of: E

Viewing and further information

Strictly by appointment with the sole agent:

Arnolds Keys Commercial 01603 216825

Jordan White 01603 216805

jordan.white@arnoldskeys.com

SUBJECT TO CONTRACT - HC/120