DESCRIPTION
A mixed residential and commercial investment property in the heart of the town. The Grade II Listed building comprising Taylor’s Café at ground, lower ground & first floor levels, with a covered terrace at the rear, and a maisonette to the upper floors. The premises are let separately to tenants providing total income of £18,440 per annum.
ACCOMMODATION
Taylor's:
Ground Floor:
Stepped access from the pavement to;
Main Seating Area/Servery:
22'9" x 21'6" (6.93m x 6.55m) maximums
Stairs to first & lower ground floors and door to;
Kitchen:
12'7" x 11'2" (3.84m x 3.4m)
Lower Ground Floor:
"Lounge":
14'10" x 13'4" (4.52m x 4.06m)
"Snug":
7'9" x 7' (2.36m x 2.13m)
Corner Area:
6'9" x 6' (2.06m x 1.83m)
2 Public W.C.'s:
Steps up to;
Rear Lobby:
Door to covered terrace.
Rear Seating Area:
14'3" x 8'9" (4.34m x 2.67m) maximums
First Floor:
Landing with door to flat (locked).
Seating Area:
13' x 12' (3.96m x 3.66m)
The Maisonette:
External rear staircase to;
First Floor:
Entrance Hall:
Door to Taylor's landing (locked) and staircase to second floor or maisonette.
Kitchen/Breakfast Room:
13'1" x 11'3" (3.99m x 3.43m)
Bathroom:
9'6" x 5'6" (2.9m x 1.68m)
Sitting Room:
13'1" x 10'3" (3.99m x 3.12m)
Second Floor:
Bedroom (in two parts):
13'6" x 9'4" (4.11m x 2.84m) max & 13'7" x 11' (4.14m x 3.35m)
Outside:
Pedestrian access from Oak Street, at the side of No.7 serves the covered terrace for Taylor’s and staircase access to the maisonette.
SERVICES
The is one supply of all mains services to the building, each sub-metered to the maisonette.
TERMS
Tenure:
The property is held freehold, subject to the existing lettings:
Taylor’s - A lease for a term of 6 years with effect from 19/07/2019 at a rent of £12,500 p.a., the rent review (linked to RPI) at 19/07/2022 not having been implemented. The lease is drawn on effectively fully repairing and insuring terms, subject to the service charge being capped at 10% of the passing rent in any year.
The Maisonette - An Assured Shorthold Tenancy for 1 year, commencing 28/05/2019 at a rent of £495 p.c.m., without subsequent review.
OUTGOINGS
District Council: North Norfolk.
Taylor’s has a current Rateable Value of £8,400.
The Maisonette is assessed for council tax in band A.
VIEWING
By appointment through the Sole Agents,
Spalding & Co.,
Office Opening Hours:
Monday - Friday: 9:00 a.m. - 5:00 p.m.
Saturday: 9:30 a.m. - 12:30 p.m.
