About this property

Detailed Description

Willis House is positioned in a prominent position on the corner of Overstrand Road and Church Street and is therefore situated upon an arterial route with Church Street continuing southwards to Great Yarmouth as the A149 and to Norwich as the A140.
The Freehold of the property consists of two commercial premises which are currently let and a one/two bedroom flat situated on the first floor which is let on and Assured Short Hold Tenancy (AST). The freehold of the building also includes a long leased flat with approximately 148 years remaining.
Gibsons Bistro has three retail areas used as the restaurant, together with multiple stores and 3 W.C.s
The Retreat has a large retail area which has been partitioned to provide internal storage and a W.C.
The 1st floor flats' accommodation comprises:- Sitting room, kitchen, bedroom, bedroom/study and a bathroom.
Outside the property is a small area to the rear for bins part of which is also let to Gibsons Bistro.

Location

Cromer is an attractive and popular seaside town on the north Norfolk coastline. The town is vibrant and boasts a wide range of facilities and shops ranging from large national chains such as Argos, Halfords and Iceland as well as a variety of cafes, restaurants and shops as well as traditional seaside shops selling buckets and spades and seaside gifts.

The town is one of North Norfolk's 'Principal Settlements' and as such is a primary retail destination with a strong collection of both local and national retailers. Demand for commercial property in Cromer has remained relatively strong for over a decade with few vacancies. Cromer has a population of about 7,500 (2021 census) which increases markedly during the busy summer months.

The cathedral city of Norwich, with its airport and frequent rail service to London Liverpool Street, is located about 23 miles to the south

Accommodation

Gibsons Bistro 88 m2 (943 ft2)
The Retreat 79 m2 (848 ft2)
Flat 1 Willis House 72 m2 (775 ft2)
Total 239 m2 (2556 ft2)

All measurements are approximate.

Business Rates

Rateable Value
Gibsons Bistro TBC
The Retreat £6,700
Council Tax Band
Flat 1 Band A

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 selling agent:-
Brown & Co

VAT

It is understood that VAT is not applicable.

Legal Costs

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

Terms

Tenure Freehold

Tenancy Schedule:-
Gibsons Bistro:- £12,000 p.a. ending 30th April 2033
The Retreat:- £10,000 p.a. ending 31st December 2028
Flat1:- Let on an AST for £595 PCM.
Flat 2:- Ground Rent £100 p.a.

Details of all tenancies are available on request.