28 Market Gates Shopping Centre, Great Yarmouth, NR30

Description

Unit 28 is located adjacent to Shoe Zone and Sense whilst in close proximity to Burger King and Store Twenty One and is arranged two levels. The Centre extends to 230,000 sq ft with direct access to the town's main car park of approximately 500 spaces. Major anchors within the scheme include Wilkinsons, Boots, 99p Stores, Iceland and New Look.

Location

Great Yarmouth has a resident population of 90,000 persons with a catchment population of 205,000 within a 20 minute drive time. Great Yarmouth is the third largest seaside destination in the UK, with annual tourism numbers equating to five million persons, generating an annual spend of £462 million. The town has a thriving oil, gas and renewable energy industry that has been further enhanced by the recent opening of the Deep Water Outer Harbour. It also forms part of the Great Yarmouth and Lowestoft Enterprise Zone.

Accommodation Description

The shop is arranged two levels, having the following approximate net internal floor areas:

Ground floor sales 1,963 sq ft (182.4 sq m)
Basement ancillary 720 sq ft ( 66.9 sq m)

Terms

The shop is available by way of a new effectively full repairing and insuring lease for a term by agreement, subject to upward only rent reviews every fifth year.

Rates

The Valuation Office Agency website indicates that as from April 2023 the Rateable Value is £20,750. This is not the annual rates payable. The rates payable will depend on the occupier's circumstances and can be obtained from either Great Yarmouth Borough Council, or via which includes a rates payable calculator.

Service charge

The service charge for the current year is £13,268.

Legal costs

Each party is to be responsible for their own legal costs incurred in the transaction.