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Investment opportunity
Commercial and Residential mix
City centre location
Immediate return on investment
abbotFox presents this mixed use building, comprising of both residential accommodation and commercial unit. Occupying a prominent position on Castle Meadow, this building is located within the heart of Norwich City Centre and a wide variety of national and independent retailers.
The shop comprises ground floor with the basement for storage and toilet and shower facilities.
There are new and refurbished wooden floors in each flat.
With the building currently fully occupied, this opportunity allows for an immediate return on investment for any buyer. For further information, please contact the sales team.
The building comprises; Commercial unit - approx. 773sqft First floor apartment - approx.. 343sqft Second floor apartment - approx. 469sqft Total approx. floor area 1584sqft
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Stamp Duty Calculator
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Based on property / land value of £499,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
499000.00
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