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Retail Property (high street) for sale

Regent Road, Great Yarmouth

Sold STC £260,000

Property Description

Full description

Tenure: Freehold

The property occupies a prominent position within Great Yarmouth's town centre food quarter at the busy western end of Regent Road. This main entrance to Market Gates Shopping Centre and the Bus Station below is opposite. Regent Road prime tourist area is within a few minutes walk. The immediate surrounding area is a hub for prime food retailers including McDonalds, Kentucky Fried Chicken, Costa Coffee and Weatherspoons The Troll Cart Freehouse. In food retailing terms this could not be a prime position.

The property comprises a rectangular shaped retail unit with glazed frontage with Regent Road. The shop currently has a vinyl floor with suspended ceiling with inset lighting, seating and tables and a server/kitchen area. Further to the rear there are customer/staff toilets providing male and female wc's, further to the rear there are stairs leading to a rear cellar area providing storage. There is a side fire escape leading to a secure passage.

Having measured the property the following net internal floor areas are provided.

Frontage - 4.93m (16ft)
Total Depth 26.43m (87ft)
Total Floor Area 107.88 sq m (1,161 (sq ft)

Basement 33.09 sq m (356 sq ft)

Area in Terms of Zone A 51.21 sq m (551 sq ft)

A new lease for a term to be agreed is available at a rent of £16,000 pa.

The owners would consider the sale of the freehold of the property at a guide price of £260,000.

We believe that the property has current planning consent for food retailing. Use class A3 and A5.

The property should be of interest to other kiosk type food retailers and coffee shops. This planning use will obviously also pave the way for A2 (Financial and Professional Services) to include betting shops and also A1 (Retail).

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