9 Mount Street
Cromer
Offers in the region of
£365,000
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PROPERTY TYPE
Investment
Investment - Retail
Mixed Use Development
Retail
Size
2,420 sqft
The property comprises a prominent end-terrace, three-storey brick constructed building under a pitched tiled roof.
Unit 1, currently occupied by Crown Barbers, is arranged over two floors. The ground floor provides open-plan retail accommodation, with ancillary office/storage, kitchen, and WC facilities at first-floor level.
The adjacent ground floor retail unit is separately accessed from Cambridge Street via a small courtyard. It is currently unoccupied and requires redecoration and fit-out for commercial retail/office use, or conversion to residential (STP).
There are two further self-contained one-bedroom flats, both accessed via a third, separate doorway off Cambridge Street. Each flat comprises a kitchen, living room, and bathroom.
Key Features
- -CONVENIENT TOWN CENTRE LOCATION
- -CLOSE PROXIMITY TO MAIN RETAIL PARADE
- -TWO GROUND FLOOR COMMERCIAL UNITS AND TWO RESIDENTIAL FLATS ON UPPER FLOORS
- -FURTHER UNOCCUPIED UNIT OFFERING SCOPE FOR RETURN INCREASE OR RESIDENTIAL USE
- -PASSING RENT OF £22,140 PA
- -POTENTIAL ERV £27,640 PA
- -REVERSIONARY YIELD OF 7.36%
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