Investment Properties for sale in Norfolk

View the "COMMERCIAL INVESTMENT - THREE SHOPS IN SNETTISHAM" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £94,950 Price Reduced Sale Agreed
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Business Description
Snettisham is a popular year round destination on the North Norfolk coast. The shops are located near to the beach and there are many caravan parks surrounding the site. The fourth unit, which is being retained by the vendor, is a renowned fish and chip shop which brings in steady trade even in winter.

Situated in an ideal location just 12 miles from Kings Lynn, the major tourist attractions of Sandringham and Hunstanton are close by.

THE BUSINESS ITSELFThe arcade is let at £5,000 pa payable monthly on an initial one year tenancy which is now rolling over. The tenant has been in occupation since 2007.The second unit which is vacant has an open market value of around £4,500 pa. The third unit is let at £5,000 pa on the same terms as the first unit.

Fully let the income will be in the order of £14,500 which will give a yield of 15.27%.We understand there have been no rent increases since 2007.

Tenure: Freehold

Listed by: Everett Masson and Furby
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