Mixed Use
A freehold investment opportunity located along the High Street, Stalham, benefiting from a current income of £38,980 per annum, giving a very high gross yield at the guide price. The investment includes two commercial units, three residential dwellings and storage, along with a solar tariff income.
The premises are located in the centre of this attractive market towns High Street overlooking Tesco Superstore and the Swan PH.
Schedule of rents:
Flat One: One bedroom apartment held on an AST at £6,600 per annum.
Flat Two: One bedroom apartment held on an AST at £6,900 per annum.
Maisonette: Two bedroom maisonette held on an AST at £8,700 per annum.
Shop One: Priscilla Bacon Charity producing £5,940 per annum.
Store: Priscilla Bacon Charity producing £2,400 per annum.
Shop Two: Hairdressers producing £5,940 per annum.
Solar Fit Tariff income approx. £2,500 per annum.
Total income: £38,980 per annum.
Stalham hosts a variety of independent shops, cafes, and local businesses, including a supermarkets, hardware store, and several speciality retailers. Key landmarks along the High Street include the Stalham Town Hall and the Stalham Firehouse Museum. The main high street provides essential services and amenities for both residents and visitors, acting as a central hub in close proximity to the Norfolk Broads and Stalham Staithe.
Interested parties are advised to inspect the legal pack for more information prior to bidding.
Stalham.
Rivers and Seas No Risk. Surface Water Very Low.
O2, EE, Three and Vodafone are available.
Standard 17 mbps. Superfast 80 mbps,
BT and Sky are available.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
