Grade II listed freehold three storey town centre mixed use property producing £4,500 pa

This mid terraced building comprises a ground floor shop let to a long established tenant M Print at £375 pcm (£4,500 pa) on a 6 year lease dated 10th October 2016, which is now holding over. Above is a vacant two bedroom flat over two floors in need of improvement. The shop has large double display windows and a lower ground floor cellar. The self-contained flat is accessed via a door to the right of the shop fronting Regent Street. According to the valuation office website the ground floor shop has an area of 40.4 sq/m and a rateable value of £4,150 with effect from 1st April 2023.

Tenure

Freehold

Location

The property is located to the North side of Regent Street, a busy road which links Market Place / King Street to Hall Quay / Town Hall. Regent Street is characterised by a variety of retail, salon, coffee shop, estate agents and professional office uses. Great Yarmouth has a residential population of 93,400 and a population of 205,000 within half an hour travelling time. The town is the third largest UK seaside destination and it also adjoins the well known Norfolk Broads National Park. Great Yarmouth is a major employment area with a strong manufacturing and warehousing base and a busy seaport with deep water outer harbour serving the offshore oil and gas industry. The area has been enhanced in recent years by a steady programme of road improvements which have provided a vastly improved road link to London, the industrial centres of the Midlands and the North. A new deep water outer harbour is now completed and a third river crossing is currently under construction.

Viewings

Open viewings are arranged and the next are on Friday 29 September. Please call the Norwich office for an appointment.

Flat

Ground floor: entrance hall First floor: landing, wc, two bedrooms Second floor: landing, kitchen, sitting room, dining room, store room

Energy Efficiency Rating (EPC)

Current Rating G

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

Barker Gotelee, Ref: Oliver Ray, Tel: 01473 350586

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.