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Commercial Property for sale

Market Row, Great Yarmouth

Removed £130,000

Property Description

Full description

Tenure: Freehold

The property is positioned on Market Row in the centre of Great Yarmouth. Market Row is a famous pedestrianized retailing area leading from the prime retailing area of the Market Place. Other nearby occupiers include Youngmans, Santander, Holland and Barratt, Cox and Sons Jewellers and various other local and niche type retailers.

The main access to the first floor apartment is accessed to the rear of the property from Stonecutters Way adjacent to the Palmers Department Store pay and display car park.

The property comprises a terraced building of traditional brick construction beneath a fibre glass sloping roof. The ground floor of the property is accessed via the Market Row. The shop premises provides a large display window and pedestrian entrance which opens into a uniform retailing area with a display frontage of 4.84m (16ft).

To the rear of the main shop there are two store areas and a small kitchenette and toilet. There is rear loading access out to Stonecutters Way.

The first floor of the property is accessed via stairs from Stonecutters Way and the accommodation includes a large kitchen/breakfast room, bathroom, large lounge and 2 bedrooms.

We have measured the property in accordance with the RICS Code of Measuring Practice and the following approximate gross internal floor areas are provided.

Ground Floor Shop 34.81 sq m (375 sq ft)
Stores 30.74 sq m (331 sq ft)

First Floor Apartment 7.60 sq m (614 sq ft)

Mains water, drainage and electricity are connected to both properties with separate meters for each premises.

The ground floor shop is let on a commercial lease for a term of 3 years expiring 31st December 2017. The current passing rent is £4,420 pa. (£85 pw). The tenant maintains responsibility for business rates.

The first floor of the property is let on an assured shorthold tenancy agreement at a current monthly of £445 pm. The lease is currently a statutory periodic lease.

The Freehold of the property is available at a Guide Price of O.I.R.O £130,000.

Strictly by appointment with Bycroft Commercial - 01493 844489

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