Guide price
£285,000
Retail premises for sale1, 3A, And 3B Wellington Road, Dereham, Norfolk NR19
Auction
Freehold
About this property
For sale by auction on Wednesday, 30 Jul 2025 at 10:00
Venue: Livestream Auction
Freehold investment opportunity in town centre location - three maisonettes and three shops producing (all let) £32,760 pa
This Three storey terrace of shops and maisonettes is located at the heart of the busy market town and offers excellent investment opportunity. All maisonette are let on assured shorthold basis jointly producing nearly £18,960 pa. All three shops are let providing a further income of £13,800 pa
The building is situated a few steps from the market place in a prominent position. Dereham is a busy market town with a wealth of high street shops, recreational and community facilities, ample parking is available nearby.
Accommodation
Ground floor: Three lock up shops
Upper floors: Two of the flats (3C and 3D) are approached via an external staircase with the remaining flat (1A) having an access to the side of 1 Wellington Road, Each flat comprises: Lounge, kitchen, bathroom and double bedroom.
Tenancy Details
For full details please refer to the legal pack
Business Rates
1 - current rateable value is £6,400 pa
3a - current rateable value is £6,000 pa
3b - current rateable value is £3,750 pa
Council Tax Band
1A = A, 3C = A, 3D = A
Viewing
Viewings are available by appointment only. To book a viewing please contact the Norwich office.
Require a Mortgage or Loan?
We strongly advise that your finance is fully approved prior to bidding. Please be aware that an Agreement in Principle (aip) may not be sufficient. Should your lender be unable to proceed post-auction, you risk losing your deposit and incurring significant costs.
To ensure you are fully prepared, contact our team today to discuss auction finance options and secure funding before bidding.
EPC Rating: 1a - F, 3c - F, 3d - E
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
Freehold investment opportunity in town centre location - three maisonettes and three shops producing (all let) £32,760 pa
This Three storey terrace of shops and maisonettes is located at the heart of the busy market town and offers excellent investment opportunity. All maisonette are let on assured shorthold basis jointly producing nearly £18,960 pa. All three shops are let providing a further income of £13,800 pa
The building is situated a few steps from the market place in a prominent position. Dereham is a busy market town with a wealth of high street shops, recreational and community facilities, ample parking is available nearby.
Accommodation
Ground floor: Three lock up shops
Upper floors: Two of the flats (3C and 3D) are approached via an external staircase with the remaining flat (1A) having an access to the side of 1 Wellington Road, Each flat comprises: Lounge, kitchen, bathroom and double bedroom.
Tenancy Details
For full details please refer to the legal pack
Business Rates
1 - current rateable value is £6,400 pa
3a - current rateable value is £6,000 pa
3b - current rateable value is £3,750 pa
Council Tax Band
1A = A, 3C = A, 3D = A
Viewing
Viewings are available by appointment only. To book a viewing please contact the Norwich office.
Require a Mortgage or Loan?
We strongly advise that your finance is fully approved prior to bidding. Please be aware that an Agreement in Principle (aip) may not be sufficient. Should your lender be unable to proceed post-auction, you risk losing your deposit and incurring significant costs.
To ensure you are fully prepared, contact our team today to discuss auction finance options and secure funding before bidding.
EPC Rating: 1a - F, 3c - F, 3d - E
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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