TYPERetail - High Street, Other, Retail, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON4th June 2023
RETAIL UNIT | INVESTMENT Let to Boots UK Limited for five years at £15,000 per annum,
The property comprises a single-story building of brick and block construction under a flat roof, with double fronted display windows. Internally the unit provides front sales area with store and staff room to the rear.
The property is located in the village of Hethersett approximately six miles south-west of Norwich on Great Melton Road, a principal route through the village.
The property provides the following net internal floor area. Description sq m / sq ft Sales area 77.91 / 839 Store/Staff room 10.53 / 113 Total GIA 88.44 / 952
Business rates will be the responsibility of the occupier. The premises have the following assessment:- Description Rateable Value £20,500 Rates payable for 2023/2024 £10,230
The investment is for sale at offers in excess of £225,000, which equates to a net initial yield of 6.53%.
We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.
Strictly by appointment with the sole selling agent:
It is understood that VAT is not applicable.
Each party will be responsible for their own legal costs incurred in documenting the sale.
Let to Boots UK Limited
New five-year lease (no break)
Popular, expanding village location
RETAIL UNIT | INVESTMENT ( Agency Pilot Software ref: 423540 )