Retail Property (high street) for sale

King Street, Great Yarmouth

Under Offer £265,000

Property Description

Full description

Tenure: Freehold

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 opening of the Deep Water Outer Harbour. It also forms part of the Great Yarmouth and Lowestoft Enterprise Zone

DESCRIPTION
The property is located on King Street which is one of the primary retail thoroughfares within the town centre. The premises itself is situated immediately opposite River Island, whilst retailers in close proximity include Greggs, WH Smith,
H Samuel, Clarks, etc.

ACCOMMODATION
The property is arranged over four levels, as follows:
Ground Floor Sales 1,214 sq ft 112.8 sq m
Basement Ancillary 489 sq ft 45.4 sq m
First Floor Ancillary 1,109 sq ft 103 sq m
Second Floor Ancillary 1,087 sq ft 101 sq m

TERMS
New lease - £27,500 per annum exclusive.

Freehold - £265,000 plus VAT (if applicable).

OUTGOINGS
Rateable Value: £43,000

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

PLANNING
The subject property forms part of the main High Street retailing area and has a planning consent for A1 (Retail). Due to the mix of other retailing in this immediate area other uses could be permitted including A2 (Financial and Planning) and A3 (Restaurant and Café) uses being suitable. Please contact Great Yarmouth Borough Council on 01493 856100. The upper floors have planning consent to convert to four 1 bedroom flats. Ref 06/14/0738/F

VIEWING
Strictly by appointment through joint letting agents:

Bycroft Commercial:
Tel: 01493 844489
Email: db@charlesbycroft.co.uk


More information from this agent

Nearest stations

  • Great Yarmouth (0.4 mi)
  • Berney Arms (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bycroft, Commercial- Great Yarmouth

14 Regent Street, Great Yarmouth, NR30 1RN

01493 844489 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Great Yarmouth (0.4 mi)
  • Berney Arms (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bycroft, Commercial- Great Yarmouth

14 Regent Street, Great Yarmouth, NR30 1RN

01493 844489 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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