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31 Bull St 1,151 sq ft Retail Unit Offered at £255,000 in Holt NR25 6HP
Investment Highlights
- Town centre location
- Primary retail destination with a strong collection of both local and national retailers
- Close to a car park and facilities
Executive Summary
Holt is a busy market town situated in the centre of north Norfolk, an area considered by many as one of England's finest. It is home to the famous Gresham's School and is a very popular destination for holidaymakers, second home owners and the retired. 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 Holt has remained strong for over a decade with few vacancies throughout recent economic uncertainties.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 7.25% |
| Sale Type | Investment |
| Net Initial Yield | 7.25% |
| Tenure | Freehold |
Description
31 Bull Street offers a rare opportunity to purchase a prime commercial unit close to the centre Holt just off the High Street. It is located in an easily accessible area on Bull Street. The unit is currently let providing an exciting investment opportunity.
The property offers well proportioned accommodation over two floors which could be suitable for a variety of uses subject to planning. The ground floor is currently utilised as a restaurant and kitchen with the first floor used as accommodation.
The property offers well proportioned accommodation over two floors which could be suitable for a variety of uses subject to planning. The ground floor is currently utilised as a restaurant and kitchen with the first floor used as accommodation.
Sale Notes
Offers are invited for the freehold premises which are currently let under the following terms:
10 year term from 11/02/2020 £18,500 p.a.
10 year term from 11/02/2020 £18,500 p.a.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 31 | 1,151 sq ft | Retail | £255,000 (£221.55/sq ft) | £18,500 |
Unit 31
| Unit Size |
| 1,151 sq ft |
| Unit Use |
| Retail |
| Price |
| £255,000 (£221.55/sq ft) |
| NOI |
| £18,500 |
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Unit 31
| Unit Size | 1,151 sq ft |
| Unit Use | Retail |
| Price | £255,000 (£221.55/sq ft) |
| NOI | £18,500 |
| Sale Type | Investment |
| Net Initial Yield | 7.25% |
| Tenure | Freehold |
| Description | |
| 31 Bull Street offers a rare opportunity to purchase a prime commercial unit close to the centre Holt just off the High Street. It is located in an easily accessible area on Bull Street. The unit is currently let providing an exciting investment opportunity. <br> <br> The property offers well proportioned accommodation over two floors which could be suitable for a variety of uses subject to planning. The ground floor is currently utilised as a restaurant and kitchen with the first floor used as accommodation.</li></ul> | |
| Sale Notes | |
| Offers are invited for the freehold premises which are currently let under the following terms: <br> <br> 10 year term from 11/02/2020 £18,500 p.a.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 2,000 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,000 sq ft |
| Property Subtype | Shopfront | Year Built | 1900 |
| Costar Property Class | B | Total Plot Size | 0.03 ac |
| Total Property Size | 2,000 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 1,000 sq ft |
| Year Built | 1900 |
| Total Plot Size | 0.03 ac |
Amenities
- Signage
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Street View
Street
Map
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31 Bull St
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