£80,000
(£191/sq. ft)
Terraced house for salePlumstead Road, Thorpe End, Norwich NR13
420 sq. ft
Auction
Freehold
About this property
10% yield
Freehold
Current tenant
Great location
Commercial investment
Shop
2 x freeholds for flats
Established business
Instant income
Pymm & Co Auctions are delighted to offer 67 Plumstead Road, Thorpe End, Norwich, NR13 5AJ which presents an excellent commercial investment opportunity comprising a ground floor retail premises together with the freehold interest to two self-contained flats.
The ground floor unit is currently occupied by Creative Touch Beauty Salon and produces an annual rental income of £7,800 per annum, representing an attractive 10% yield. The current lease is set for a term of five years, providing an immediate income-producing asset for investors. The existing business is well established and will not be affected by the sale.
The commercial premises comprise a well-presented shop floor area, store cupboard and WC facilities, offering practical accommodation suitable for a variety of business uses. The property occupies a prominent position on the green within the popular and well-connected suburb of Thorpe End, to the east of Norwich, benefitting from passing local trade and nearby residential catchment.
In addition to the shop, the sale includes the freehold interest to two flats, offering further long-term investment potential and asset value enhancement opportunities. All tenants contribute equally towards the building insurance, with each party paying one-third of the premium.
This lot will appeal to investors seeking a mixed-use freehold investment with established income, future growth potential and a desirable suburban location close to Norwich city centre and surrounding amenities.
The property is offered for sale by auction and interested parties are advised to make all necessary enquiries prior to bidding.
Viewings are strictly by appointment only. Please contact the auctioneers to arrange access.
Services:
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Please note:
Currently owned by a Pymm & Co Director
what3words /// audit.seats.dawn
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
The ground floor unit is currently occupied by Creative Touch Beauty Salon and produces an annual rental income of £7,800 per annum, representing an attractive 10% yield. The current lease is set for a term of five years, providing an immediate income-producing asset for investors. The existing business is well established and will not be affected by the sale.
The commercial premises comprise a well-presented shop floor area, store cupboard and WC facilities, offering practical accommodation suitable for a variety of business uses. The property occupies a prominent position on the green within the popular and well-connected suburb of Thorpe End, to the east of Norwich, benefitting from passing local trade and nearby residential catchment.
In addition to the shop, the sale includes the freehold interest to two flats, offering further long-term investment potential and asset value enhancement opportunities. All tenants contribute equally towards the building insurance, with each party paying one-third of the premium.
This lot will appeal to investors seeking a mixed-use freehold investment with established income, future growth potential and a desirable suburban location close to Norwich city centre and surrounding amenities.
The property is offered for sale by auction and interested parties are advised to make all necessary enquiries prior to bidding.
Viewings are strictly by appointment only. Please contact the auctioneers to arrange access.
Services:
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Please note:
Currently owned by a Pymm & Co Director
what3words /// audit.seats.dawn
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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