Retail Property (high street) for sale

King Street, Great Yarmouth

Guide Price £225,000

Property Description

Key features

  • Mixed use investment block
  • Shop, first floor salon, first floor room and self-contained one bedroom flat
  • Potential income of 21,000 per annum exclusive
  • Town centre location
  • Prominent end of terrace
  • Attractive bay fronted building incorporating double shop front
  • Separate access to upper floors

Full description

A well-presented fully let mixed commercial/residential investment property situated in Great Yarmouth town centre. Ground floor double fronted shop with separate side access to first floor salon and room and second floor flat.


Ground Floor Retail Area 
521 ft2 / 48.4 m2

1st Floor Salon 
329 ft2 / 30.6 m2

1st Floor Room 
144 ft2 / 13.4 m2

2nd Floor Flat 
458 ft2 / 42.6 m2

Total Floor Area 
1,452 ft2 / 135m2

Business Rates 
The Rateable Value for 2017 is £7,100 for the Ground Floor Shop & Premises and £1,900 for the First Floor Hairdressing Salon & Premises. The tenants are responsible for payment of these outgoings.

Legal Costs 
Both parties will be responsible for their own legal costs.

Services 
Mains water, electricity, gas and drainage are believed to be present.

Tenure 
Freehold subject to the existing Leases and Tenancy:- The ground floor shop is let on tenant's internal repairing terms at a rent of £6,300 per annum exclusive of outgoings. The first floor salon is let on tenant's internal repairing terms at a rent of £4,800 per annum exclusive of outgoings. The first floor room is let for a year from 31.10.2018 at an annual rent of £4,800 exclusive of outgoings. The second floor flat is let at a rent of £425 per calendar month exclusive of outgoings.

VAT 
VAT will not be applicable to the purchase price.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Great Yarmouth (0.5 mi)
  • Berney Arms (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Aldreds, Great Yarmouth - Commercial

17 Hall Quay, Great Yarmouth, NR30 1HJ

01493 493208 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 (0.5 mi)
  • Berney Arms (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Aldreds, Great Yarmouth - Commercial

17 Hall Quay, Great Yarmouth, NR30 1HJ

01493 493208 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 9133284. 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 Aldreds, Great Yarmouth - Commercial. 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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