Residential redevelopment opportunity comprising a restaurant and adjoining garage on a 0.17 acre site

Pamela's Restaurant has been trading for over 15 years and is in excellent decorative order. Adjoining the restaurant is the former Carlton Garage which provides around 14 under cover off road parking spaces. The two adjoining properties have a range of potential uses and the restaurant has planning permission to convert into 4 flats and the garage to demolish and create a further 7 flats and 2 houses. Some ground work has already commenced. The property is nestled in a quiet side street close to Wellington Arch. It is not listed and lies within a conservation area.

Tenure

Freehold

Planning

Full planning permission was granted by Great Yarmouth Borough Council on 17th July 2020 for conversion of existing building to create 4 self contained flats. Application number 06/20/0333/F. Full planning to demolish the existing garage and construct 2 houses and 7 flats was granted 30th January 2020. Application number 06/17/0697/F. Further details and plans can be found on the public access website of Great Yarmouth Borough Council great-yarmouth.gov.uk/planning.

Note

According to the valuation office website the restaurant has an area of 191.1 sq/m and a rateable value of £10,750. The garage has an area of 31.6 sq/m and a ratable value of £2,375, both with effect from 1st April 2023.

Restaurant

Ground floor: lobby, wc x 4, prep area, hallway, cocktail lounge, storage room, hallway First floor: dining room, kitchen

Garage

Single story building with space for around 16 vehicles. It also has 2 large lockable garages as well as 2 storage rooms at the far end of the building. Entrance is through a large metal roller door at the front. There is also a small unit in the corner of the building which includes a toilet and a shower.

Energy Efficiency Rating (EPC)

Current Rating D

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

Chamberlins (Great Yarmouth), Ref: Paul Ward, Tel: 01493 720019

Additional Fees

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.