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2 bed property, in Westgate Street, £995,000
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2 bed flat

Westgate Street, Holt NR25
£995,000

Our Summary

  • Investment Opportunity
  • Further Development Potential (subject to necessary consents)
  • There is potential to further develop the property, by conversion of the store at the western end of Maritime Yard, a sheltered external area, or extension over Creek Lifestyle (subject to necessary consents)

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Description

The property is a mixed commercial and residential investment located on The Quay in Blakeney, a historic harbour area. It includes two ground floor retail units, let under a lease dated 2024, with a rent of £42,000 per annum expandable to £44,000 per annum from 2029. The first floor apartment, Harbour Deck, is a two-bedroom self-contained unit, let from 2019, with a rent of £12,699.60 per annum linked to the Retail Price Index.

The property has mains electricity, water, and drainage connected, with electric radiators providing heat in Harbour Deck. The retail units, The Flint Gallery and Creek Lifestyle, are situated in a store and a sublet space, respectively, both with adjacent coastal views in an Area of Outstanding Natural Beauty.