TYPERetail - High Street, Other, Retail, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON28th September 2020
The premises comprise a ground floor lock up caf�/ retail premises, with traditional timber framed shop front with double glazed windows, and a smaller return window frontage to the side elevation.
Internally, the tenant has fitted out the unit to suit caf� use, with open seating area, with timber floor, set around a fitted kitchen/sales counter, with small sink/prep area to the rear, and a presentable single WC.
The property forms part of a modern development of mainly residential units on King Street, Norwich close to Dragon Hall and opposite the new St Anne's Quarter apartment development, which provides circa 430 apartments being developed by Orbit Housing.
The adjoining ground floor retail unit trades as the Grasshopper Off License and the subject premises trade as Butterfly Caf�.
The Riverside Retail and Leisure Complex are situated across the pedestrian Lady Julian Bridge opposite the subject premises.
The Property is held by way of a long lease for a term of 125 years from 22 September 2009 at a peppercorn rent. The long leasehold interest is available to purchase subject to and with the benefit of the current lease dated 5 January 2009 to Stephen Kittle.
Price £99,500 plus VAT for the long leasehold interest subject to and with the benefit of the current lease. ( Agency Pilot Software Ref: 429431 )