20 Mere Street Diss Norfolk IP22 4AD

20 Mere Street
Diss
Norfolk
IP22 4AD

Freehold Retail Investment

Ground Floor Retail Unit Let Until 2030 (subject to option)
Attractive and Historic Market Town
Pedestrianised Town Centre location
Residential Development Potential of Vacant Upper Floors (subject to consents)
Nearby occupiers include Greggs, Superdrug, M&Co, Costa and Cardfactory

Lot
6
Auction
22nd September 2022
Rent
£20,000 per Annum Exclusive
With Vacant Possession of Self Contained Offices
Status
Sold
Price
£295,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Ground Floor Retail Unit Let Until 2030 (subject to option)
Attractive and Historic Market Town
Pedestrianised Town Centre location
Residential Development Potential of Vacant Upper Floors (subject to consents)
Nearby occupiers include Greggs, Superdrug, M&Co, Costa and Cardfactory

Lot 6
Auction 22nd September 2022
Rent £20,000 per Annum Exclusive With Vacant Possession of Self Contained Offices
Status Sold
Price £295,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 23 miles south of Norwich, 23 miles north of Ipswich, 19 miles north of Bury St Edmunds
Roads: A1066, A14, A12
Rail: Diss Railway Station
Air: London Stansted Airport, Norwich Airport, Cambridge Airport

Situation

Diss is an attractive and historic market town located approximately 20 miles equidistant between Ipswich and Bury St Edmunds. The property is prominently situated in the heart of the town centre on the east side of the pedestrianised Mere Street and at the junction of Chapel Street. Nearby occupiers include Greggs, Superdrug, M&Co, Costa, Cardfactory and an eclectic mix of independent retailers, restaurants and cafes.

Tenure

Freehold.

Location

Miles: 23 miles south of Norwich, 23 miles north of Ipswich, 19 miles north of Bury St Edmunds
Roads: A1066, A14, A12
Rail: Diss Railway Station
Air: London Stansted Airport, Norwich Airport, Cambridge Airport

Situation

Tenure

Freehold.

Description

The property comprises a modern ground floor retail unit with storage accommodation on part of the fist floor. The remainder of the first floor and second floor comprise vacant office accommodation. The first and second floor vacant offices are accessed separately from the rear and may be suitable for residential development (subject to the necessary consents). The property benefits from a public Car Park being situated at the rear of the property.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Review /(Reversion)
Ground First	Retail Storage	126.00 20.40	(1,356) (219)	HILARY AND ALICE LIMITED (1)	10 years from 01/10/2020 (2)	£20,000	01/10/2025 (01/10/2030)
First Second	Office Office	57.80 17.30	(622) (186)	VACANT POSSESSION
Total Approximate Floor Area		221.50 (3)	(2,383)			£20,000 With Vacant Offices To Be Let

(1) Hilary and Alice Limited is a furniture and interior design company incorporated in 2016 (www.hilaryandaice.co.uk). A rent deposit of £5,000 is held by the Seller.
(2) The lease provides for a tenant option to determine the lease on 01/10/2025 upon serving 6 months written notice.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.