Property description
The Business Partnership with Giggs & Company are pleased to be offering this exceptional COMBINED COMMERCIAL INVESTMENT with a potential income of £20,000 per annum. Offering a residential buy-to-let property and development opportunity in the heart of the thriving Norfolk town of Attleborough. Included is a superbly appointed and spacious 2 bedroom terraced property in excellent decorative order. The property fronts onto Church Street in the heart of Attleborough with commanding views of St Mary's Church. The property offers in excess of 1200 sq ft (112 sq m) of living space that should be highly sort after by private tenants.
Ground Floor
Glazed panel door from street
Entrance Hallway
Door to:
Lounge/Dining Room - 10' 10'' x 16' 4 (3.30m x 4.97m)
Attractive room with arched window to front and open archway to;
Kitchen - 10' 10'' x 9' 8 (3.30m x 2.94m)
Window to rear, Fitted with a range of quality eye and base mounted units and appliances Door to:
Hallway and stairs
First Floor
Landing with airing cupboard and loft access with doors to:
Bedroom 1 - 10' 10'' x 14' 5 (3.30m x 4.39m)
Attractive double bedroom
Bedroom 2 - 16' 4'' x 12' 7 (4.97m x 3.83m)
First Floor Lounge - 16' 0'' x 17' 5 (4.87m x 5.30m)
Spacious room running length of the property over the shop. Two windows and storage cupboard.
Bathroom - 8' 4'' x 11' 5 (2.54m x 3.48m)
Comprising bath and shower
Separate Toilet
Commercial Property
Ground floor retail shop with rear storage and cold stores which has been a butchers for the past 60 years.
Shop
Main Retail Area22.10 square metresCutting Room8.20 square metres
External Outbuildings
Cold Store 11.80 square metresExternal Storage2.60 square metresStaff ToiletsN/A Cold Store17.30 square metresCold Store17.30 square metresOpen Fronted Store11.10 square metresKitchen11.10 square metres
Tenancy
The lease runs for 3 years from January 2014 with an option for the tenant to renew for a further 3 years. The rent is paid monthly in advance on the following scheduleAnnual Rent Rental Period£12,220 Jan 2015£13,000 Feb 2015 to January 2016£14,000 February 2016 to January 2017.
Tennant Information
The tenant is a longstanding local butcher.
Development Opportunity
Outline planning permission has been granted under Breckland Council reference 3PL/2007/1061/O for the demolition of the outbuildings and erection of four flats and extension to the shop. This permission has been extended to October 2016 under Breckland Council reference 3TL/2013/0011/TL.
Property Features :
- COMBINED COMMERCIAL OPPORTUNITY
- RESIDENTIAL BUY TO LET TERRACED HOUSE AND SHOP
- 1200 SQ FT WELL PRESENTED HOUSE FOR PRIVATE RENT
- SHOP RENTAL BETWEEN £12,000 TO £14,000 PER ANNUM
- COMBINED INCOME APPROXIMATELY £20,000 PER ANNUM