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St Edmunds Terrace, Hunstanton

Asking Price Of £1,000,000 | Attractive Investment Property

Call 01603 620551 or email norwich@arnoldskeys.com for more details on this property
Hunstanton is approximately 15 miles north of the principal West Norfolk town of King's Lynn and within easy striking distance of the outstanding north Norfolk coastal villages, such as Brancaster, together with fine golf courses and walking areas classified as Areas of Outstanding National Beauty.

The property is accessed off Westgate, one of the principal roads leading from the coastal A149 road down to the beach and town centre. The site is close to leisure facilities, the attractive beach of Hunstanton and shopping facilities including a modern Sainsbury and filling station.


The subject property comprises two attractive four storey buildings of carstone construction under a pitched tiled roof. The building provides ground floor retail restaurant space while the upper floors are a mixture of residential accommodation. The windows are timber framed single glazed to the retail elements, with the residential benefiting from UPVC double glazed windows.

The retail space is fitted out to a reasonable standard with one unit vacant and the other currently let as a café. The property also comprises two four bedroom apartments fitted out to a good standard and two one bedroom apartments also in a reasonable standard although one does not have any bathroom facilities.

Both retail units benefit from an attractive terrace for outside seating with views out towards the beach.


ACCOMMODATION We have measured the property in accordance with the RICS Code of Measuring Practice and calculate the following approximate net internal floor area:

6 St Edmunds - Retail 41.8 Sq M 450 Sq Ft

8 St Edmunds - Restaurant 49.3 Sq M 530 Sq Ft

Flat 1 - 1 Bed 37.8 Sq M 407 Sq Ft

Flat 2 - 1 Bed 42.3 Sq M 456 Sq Ft

Flat 3 - 4 Bed 74.8 Sq M 805 Sq Ft

Flat 4 - 4 Red 80.7 Sq M 868 Sq Ft

TENURE The café within 8 St Edmunds Terrace is let on a lease expiring 31 August 2020 on a rent of £8,320 per annum exclusive. The remaining premise will be available with vacant possession.

TERMS The freehold interest in the property is available for sale at £1,000,000 exclusive.

BUSINESS RATES The property has been entered onto the Valuation Office Agency website as the following:

6, St Edmunds Terrace
Description: Shop and Premises
Rateable Value: £4,550
Rates Payable 2018/2019: £2,184

Council Tax Band: C

8, St Edmunds Terrace
Description: Café and Premises
Rateable Value: £8,400
Rates Payable 2018/2019: £4,032

Council Tax Band: C


LEGAL COSTS The ingoing tenant will be responsible for both parties' reasonably incurred legal fees.

VAT Our client reserves the right to charge VAT in line with current legislation.

EPC The properties are Grade II Listed and therefore exempt.

VIEWING AND FURTHER INFORMATION Strictly by appointment with the sole agent:
Arnolds Keys 01603 620551
Mark Mayhew or Guy Gowing
mark.mayhew@arnoldskeys.com
guy.gowing@arnoldskeys.com

SUBJECT TO CONTRACT - MGA/rhc/120

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IMG 20000 1 large

St Edmunds Terrace, Hunstanton

Asking Price Of £1,000,000
Attractive Investment Property


Arnolds Keys

Arnolds Keys Norwich
01603 620551
norwich@arnoldskeys.com


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Cost Calculator

Based on not being a first time buyer, and a purchase price of £250,000, the stamp duty payable would be:

£2,500


Other costs to consider

  • Mortgage
  • Removals
  • Surveys
  • Solicitors Fees

This calculator works on the following assumptions: you are purchasing the freehold for the property; you are not purchasing on behalf of a company or trust; you are purchasing for your personal, residential use; you don’t already own another property. If these assumptions are incorrect, or you’d like a more detailed breakdown of stamp duty costs, please see the gov.uk stamp duty calculator.