1 bed Maisonette - For Sale
Oak Street, Fakenham
£215,000

• Investment Opportunity
• Mixed Residential & Commercial
• Café & Maisonette
• Covered Terrace
• Grade II Listed
• Town Centre Location

SUMMARY:
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:
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 2 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.

DISTRICT COUNCIL: North Norfolk. Taylor's has a current Rateable Value of £8,400.
The Maisonette is assessed for council tax in band A.

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.

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.