For Sale By Auction | 11:00, 12 February 2025 | Lot 107

7-8 Southgates Road (Ivy's Cafe), Great Yarmouth NR30 3LJ

*Guide | £60,000 - £80,000 (plus fees)

  • Mixed Use
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 12/02/2025

Auction Time

11:00

Auction Venue

Livestream Auction

Formerly Ivy's Cafe this mixed use property is now in need of full refurbishment and is located on the industrial side of the North Quay

The premises were formerly ran for many years as Ivy's Cafe and had support of local trade. The property has accommodation above and is in need of full refurbishment but offers possibilities subject to necessary planning to be converted into two flats above. There is an enclosed courtyard outside which could provide parking or storage area. Located off North Quay and near the newly built Herring bridge on the south side of Great Yarmouth.

Tenure

Freehold

Ground Floor (Ivy's Cafe)

Two restaurant seating rooms serving desk, kitchen, staff room bathroom, rear hall with stairs to first floor, access to rear courtyard

First Floor

Five rooms (two interconnect), sitting room, shower room, kitchen, two staircases to ground floor

Outside

Enclosed courtyard with outside w.c.

Council Tax Band

A

Business Rates

According to the Valuation Office website the premises has a current rateable value of £5,100 with effect from 1 April 2023.

Viewings

Viewings are being held strictly by appointment only There are opportunities to view on Monday 10th February Please contact the Norwich Office to book your appointment time

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

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

HKB Wiltshires (Great Yarmouth), Ref: Sarah Harris, Tel: 01493 855676

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £960 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.