About this property

Detailed Description

21-25 High Street, Hunstanton comprises a convenience store and post office, a lock-up shop selling household goods and gifts, together with a first floor flat and a teashop/café together with a first and second floor flat. The three properties are let on separate commercial leases.

Location

The market town of Hunstanton is a popular and thriving coastal holiday resort with many amenities and facilities and is renowned for its unique striped cliffs and is the only west facing resort on the east coast.

The building is prominently located close to the centre and seafront of the popular and well-served west Norfolk coastal town.

Accommodation

The property provides the following net internal floor areas:

21 High Street Sq m Sq Ft
Sales Area including Post Office 187.84 2,022
Ancillary (Office, Spirit Store, Kitchen, Two Further Stores) 61.22 659
Total (GIA) 249.06 2,681

23 High Street
Sales Area 36.23 390
Kitchen 5.30 57
Total 41.53 447

Flat Above 23 High Street
Ground Floor 8.92 96
First Floor 35.11 378
Total 44.03 474

Teashop at 25 High Street
Café 38.00 409
Kitchen/Food Prep 8.36 90
WC - -
Lobby - -
Total 46.36 499

Flat Above Copper Kettle and Adjoining Premises
First Floor 31.21 336
Second Floor 34.37 370
Total (GIA) 65.58 706

Business Rates

Business rates will be the responsibility of the occupier. The premises have the following assessment:-

Description 21 High St 23 High St 25 High St
Rateable Value
(from 1st April 2023) £46,000 £7,900 £9,100
Rates payable for 2023/2024 £22,954 £0* £0*

*The rateable value is below the minimum value threshold and an occupier may therefore be eligible for full rates relief.

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by appointment with the sole letting agent:-

VAT

The property is elected for VAT and it is proposed the transaction be treated as a Transfer of a Going Concern. Further details on application.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Other

Agents Note
A rent review notice has been served on the tenant of 21 High Street at a value of £42,000 per annum exclusive.

Terms

The premises are offered freehold subject to and with the benefit of the tenancies referenced in the below schedule.

The freehold is available to purchase and offers are inviting offers of and around £575,000, subject to and with the benefit the current tenancies.