4 Mere Street Diss Norfolk IP22 4AD

4 Mere Street
Diss
Norfolk
IP22 4AD

Recently Renewed Freehold Retail Investment

Recently renewed 10 year lease from May 2024 (subject to option)
Tenant trading in Diss for over 20 years
Fixed rental increase to £30,000 p.a.x. in May 2026
Approximately 3,701 sq ft
Nearby occupiers include Costa Coffee, Holland & Barrett, WHSmith, Boots and Superdrug
VAT-free investment

Lot
23
Auction
13th February 2025
Rent
£27,500 per Annum Exclusive
Rising to £30,000 p.a.x. on 01/05/2026
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Recently Renewed Freehold Retail Investment

Recently renewed 10 year lease from May 2024 (subject to option)
Tenant trading in Diss for over 20 years
Fixed rental increase to £30,000 p.a.x. in May 2026
Approximately 3,701 sq ft
Nearby occupiers include Costa Coffee, Holland & Barrett, WHSmith, Boots and Superdrug
VAT-free investment

Lot 23
Auction 13th February 2025
Rent £27,500 per Annum Exclusive Rising to £30,000 p.a.x. on 01/05/2026
Status Sold Prior
Price
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: Norwich Airport

Situation

The property is situated on the east side of the pedestrianised Mere Street in the heart of the town centre. Nearby occupiers include Costa Coffee, Holland & Barrett, WHSmith, Boots and Superdrug.

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: Norwich Airport

Situation

The property is situated on the east side of the pedestrianised Mere Street in the heart of the town centre. Nearby occupiers include Costa Coffee, Holland & Barrett, WHSmith, Boots and Superdrug.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors. The property benefits from two private car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

D96

Description

The property comprises a ground floor shop with ancillary accommodation on the first and second floors. The property benefits from two private car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

D96

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review
Ground First Second	Retail Ancillary Ancillary	168.80 147.20 28.00	(1,816) (1,584) (301)	DISS DISCOUNT LIMITED	10 years from 01/05/2024 (2)	£27,500 Rising to £30,000 (2)	01/05/2029 (2)
Total		344.00	(3,701)			£27,500

(1) Floor areas provided by the VOA (www.voa.gov.uk).
(2) The lease provides for a fixed rental increase to £30,000 p.a.x. on 01/05/2026. The lease provides for a rent review and a tenant option to determine on 01/05/2029, upon serving 12 months written notice.

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.