Lot 65
    Retail Property (high street)
    16 & 16A King Street
    Thetford, Norfolk, IP24 2AP
    £120,000+
    Guide Price (plus fees)
    Number 1
    A Commercial Building Arranged to Provide a Ground Floor Retail Unit and First Floor Ancillary Space Let Producing £20,000 Per Annum

    Description

    The property comprises a commercial building arranged to provide a ground floor retail unit and a first floor ancillary space.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Costa Coffee, Subway and Superdrug. The open spaces of Castle Park are within easy reach. Transport links are provided by Thetford rail station.

    Accommodation

    Ground Floor
    Retail Unit - 77 Sq m (828 Sq Ft)

    First Floor
    Ancillary Space - 17 Sq M (186Sq Ft)

    Total G.I.A Approximately 94 sq m (1,014 Sq Ft)

    Tenancy

    The property is let to Phoenix Vapers Limited from 24th April 2024 until 24th April 2029 at a rent of £20,000 per annum. There is a £6,000 rent deposit.

    Phoenix Vapers Limited has 13 locations throughout the UK.

    Financial Tools

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    Purchase Price£120,000
    Monthly Rent£0
    Annual Costs£0

    For illustration only. Seek independent financial advice before making decisions.

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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guide Prices 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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