Industrial for sale in St. Nicholas Street, Diss IP22

For sale by auction on Wednesday, 11 Sep 2024 at 11:00

Venue: Livestream Auction

Valuable town centre freehold shops and offices (part let)

Located close to the heart of the busy town this parade of lock up shops and offices is now mostly vacant and ready for new owners to maximise the earning potential by re-letting the remaining shops and offices or conversion of the existing accommodation into residential use (stpp). The barbers shop which is currently let producing £7,200 pa on a full repairing and insuring lease for the remainder of a 15 year term. The first floor offices extend the full width of the property and are accessed via number 12a or via an independant access. A further second floor is currently not accesible and has not been used for many years, this may however provide additional accommodation.

Diss is a busy market town with excellent shopping facilities and good public transport links including a main line railway service to London Liverpool Street.

12 St Nicholas Street, Shop
Barbers Shop (ground Floor) Let producing £7,200pa 15 year Lease commenced 5 August 2020 (3 Yearly break clause)

12a and 13a St Nicholas Street
Ground floor shop, offices access to first floor offices, kitchen, toilets and store rooms (Vacant)

13 St Nicholas Street, Diss
Ground floor, shop, offices, store room, toilet. (Vacant)

Business Rates
From 1st April 2023 to present:

12: £5,500

12a: £5,900

13: £5,800

Viewings
Open viewings by arrangement. The next are on Wednesday 4 and Thursday 5 September, please call the Norwich office to book a time slot.

EPC Rating: C, D, D, E

Additional Fees
Buyers Premium: £1000 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £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.