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Retail Property (high street) for sale

Regent Street, Great Yarmouth

450 sq. m. | £335,000

Property Description

Commercial information

  • 4,847 sq ft (450 sq m)

Full description

Tenure: Freehold

LOCATION
Regent Street is located off Great Yarmouth's pedestrianized market place, a short walk from the bus station and Market Gates indoor shopping centre. The area is characterized by a mixture of national and local retailers, coffee shops, travel & estate agencies.

Regent Street forms part of the Towns one way traffic system. Parking is available via public pay & display car parks on Howard Street South, and Greyfriars Way both less than a minutes walk from the property.

DESCRIPTION
A substantial Georgian property of brick construction with a pitched and tiled roof, and later flat roof additions/extensions. Accommodation is arranged over three floors plus a basement storage area.

The ground floor provides a double fronted retail unit (easily divisible) with fully glazed shop fronts featuring period details, and recessed shop entrances. To the rear there are storage and staff areas, and externally a secure yard suitable for car parking or further development (subject to planning).

The first and second floors have been converted under the terms of a lease agreement into five one bedroom flats at a total cost of circa £400,000, under the terms of the agreement the owner will not derive any income from the flats until 2018 - with the full ownership reverting back to the freeholder in 2021.

AMENITIES
Mains water, gas, electricity and drainage are understood to be connected (subject to confirmation from the statutory authorities).

Larkes Estate Agents have not carried out tests of the services or appliances and interested parties should arrange their own tests to ensure these are in working order.

TERMS
The freehold interest is available at an asking price of £335,000. (The Business and stock may also be available by negotiation)

OUTGOINGS
The premises have the following assessment for uniform business rates purposes:
Description: Shop & Premises
Rateable Value: £12,000
Rate in the £ for 2016/2017: 46.7p

Each flat is understood to be within Council Tax Band A, with a current annual charge of £1,000.23.

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

VIEWING
On prior arrangement with the sole agents;
Larkes Estate Agents
The Arch
25A Hall Quay
Great Yarmouth
NR30 1HP
Tel. 01493 330 299
Contact: Edward Larke


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:

Larkes Estate Agents, Great Yarmouth

The Arch, 25A Hall Quay, Great Yarmouth, NR30 1HP

01493 493229 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.

Floorplans


To view this property or request more details, contact:

Larkes Estate Agents, Great Yarmouth

The Arch, 25A Hall Quay, Great Yarmouth, NR30 1HP

01493 493229 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:

Larkes Estate Agents, Great Yarmouth

The Arch, 25A Hall Quay, Great Yarmouth, NR30 1HP

01493 493229 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.

Disclaimer - Property reference 100992001514. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Larkes Estate Agents, Great Yarmouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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