53-53A Mere St 1,783 sq ft 100% Let Retail Property Diss IP22 4AG £435,000 (£243.97/sq ft) 9.17% Net Initial Yield

This Grade II Listed property forms part of a prominent high street parade comprising two ground floor retail units with a self-contained first floor two-bedroom flat. The larger retail unit has an open sales area, rear store, cloakroom, and large detached rear store. The smaller unit has a good sales area, smaller store, and cloakroom facilities. The flat benefits from two double bedrooms, sitting room, kitchen, and shower room. In all, the property extends to approximately 248 sq.m (2,668 sq.ft).
To the rear of the building is an extensive car parking and loading area. The total site area extends to 0.12 of an acre. The property is fully let, producing £39,900 per annum across three tenancies. A full summary and copies of the leases and tenancy agreement are available on request.
Diss is an attractive and historic market town located approximately 23 miles to the south of Norwich. The property is prominently located in the heart of the town centre on the west side of the pedestrianised Mere Street, which extends directly to Market Place. The property benefits from its close proximity to a wide range of national and independent retailers, cafés, and restaurants within Mere Street including Costa Coffee, Ladbrokes, Holland & Barrett, Boots, Card Factory, Nationwide, and Specsavers.
The property benefits from mains electricity, mains water, and mains drainage. Mains gas is connected to the flat. (Durrants have not tested any apparatus, equipment, fittings, or services and so cannot verify they are in working order).
Strictly by arrangement with the agents.