Iconic Grade II Listed town centre property with potential for conversion to multiple flats, a shop and two town houses

This substantial and valuable freehold commercial premises is located at the heart of this busy coastal town near to the Market Place and next to a large public car park. The Grade II listed building was formerly Bretts Furniture Shop but significant preparation work has already commenced to convert the property into multiple residential dwellings and a retail area. This would provide an excellent and profitable development opportunity or a building with a significant investment income potential. The project now requires completion and final sign off by the local authority, although structural adequacy and other planning requirements have already been obtained. The adjoining building has also been converted into residential accommodation. The premises extend to approximately 9,000 square feet spread over four floors with additional cellarage areas. Great Yarmouth is a thriving coastal town which is now benefiting from being party to significant growth and focus on the Offshore Energy Sector.

Tenure

Freehold

Planning

Various consents have previously been obtained on this building however the current proposal is to provide for 2 four bedroom townhouses fronting onto Howard Street North, 6 one and two bedroom flats and a retail unit fronting Market Row. Planning ref 06/21/0280/F. This application is currently under review and purchasers would need to complete the planning process.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Great Yarmouth Borough Council

Solicitors

Howes Percival (Norwich), Ref: Joanna Nicholls, Tel: 01603 281967

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.