50 High Street
Sheringham
Price
£375,000
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PROPERTY TYPE
Mixed Use Development
Size
3,892 sqft
The subject property comprises a mid-terrace, four-storey mixed-use building of traditional construction.
The ground floor is occupied by a restaurant trading as The Sheringham Trawler, with a distinctive, themed frontage incorporating a timber-framed shopfront and prominent signage.
The upper floors provide commercial storage as well as two self-contained single bedroom residential units, accessed separately from the rear.
To the rear of the property is a tarmaced parking area, accessed via Morris Street.
Key Features
- -MIXED-USE INVESTMENT COMPRISING GROUND FLOOR RETAIL AND TWO UPPER FLOOR RESIDENTIAL UNITS
- -HIGH FOOTFALL AND PROMINENT LOCATION
- -LOW PASSING RENT OF £24,000 PA POTENTIAL ERV £42,000 PA
- -REVERSIONARY YIELD OF 10.72%
- -ONLY £96.35 PER SQ FT
- -FREEHOLD
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