4 bedroom retail property (out of town) for sale

Southtown Road, Great Yarmouth, Norfolk, NR31

6,000 sq. ft. | £625,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

This sparkling business is of a quality that rarely comes to market. Situated on a large corner plot on one of the main busy entrances to Yarmouth, this is the premier soft furnishings outlet in the area. Presented in immaculate condition with no expense having been spared in ensuring every detail and facet is best presented, this business will excite the most hardened of buyers. From the newly tarmaced large car park to the freshly painted walls this oozes class and profitability.

Having captured the market for retail and trade sales throughout this corner of East Anglia the online sales are now being built to generate a further large income stream.

There are two large flats on the first floor which are not currently let and are used for storage but could easily be turned into further revenue centres.

If this is the style of business you are looking for view quickly - they do not come any better than this!


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
Sitting in a corner plot of roughly half an acre, this beautifully presented building is a treat for the eyes. All profits have been continuously reinvested to enhance and improve the building and surrounds as well as increasing stock levels to offer an ever increasing diversity of sales opportunities. The car park has been renewed, the windows replaced with new double glazing throughout, the wiring redone. The ground floor retail area extends to some 6000sq ft and is split into easily identified areas - voiles and nets, rugs, blinds, curtains, curtain tracks and poles, fabric and haberdashery, bedding, all beautifully presented. From the moment you enter and see the strategically placed displays to maximise sales you will see why this is such a gem. There is a back room for cutting and making up, a staff room and w.c.

On the first floor are two large two bed flats (subject to planning - currently laid out as one four bedroom flat) offering a further c3000sq ft of space. The whole is currently used for stock storage but could easily be converted into two flats. With separate external access and separated from the retail area, these could generate significant extra income as either holiday lets or they could be let on AST's.


THE BUSINESS ITSELF

With a current turnover in the region of 500,000 and showing year on year growth of over 20% pa this is a highly profitable business. There are accounts and VAT returns available for inspection by serious prospective purchasers. The G.P. is over 40% and with the increase in online sales this is only going to grow. Since commencing online sales growth in this area has been over 200%pa.

The vendor currently satisfies the requirements of nearby caravan parks, hotels and boatyards as well as the large number of local people attracted by the value for money and reputation for quality the vendor has built up over the years.

The vendor feels there is still much scope for growth in both retail and online sales and will happily share his plans with suitable purchasers.


INFORMATION

Our Reference
WH32230E.

Tenure
Freehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Nearest stations

  • Great Yarmouth (0.8 mi)
  • Berney Arms (4.0 mi)
  • Haddiscoe (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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 (0.8 mi)
  • Berney Arms (4.0 mi)
  • Haddiscoe (6.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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 WH32230E. 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 EM&F East Anglia, Norwich. 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.

Map data OpenStreetMap contributors.