77 Regent Road, Great Yarmouth, Norfolk, NR30 2AJ

For Sale by Public Auction on 11th June 2025

£225,000-£250,000

Mixed-use investment property generating a total income of £20,400 per annum
Ground floor retail premises
Separate 2 bed flat at first floor level
Freehold subject to tenancies
Description
An attractive mid-terraced investment property, occupying a prominent position in the heart of the thriving seaside town of Great Yarmouth. The property is fully let and therefore presents a fantastic investment opportunity to purchasers.

The building has a pitched concrete tiled roof (which has been recently been overhauled) and an area of flat roof to rear over brick elevations, and features the following accommodation:

Ground Floor: Trading as Cooking Asia supermarket, the property has a large glazed frontage to the busy pedestrianised street. There is a main trading area, with further store to rear, Utility Area and Cloakroom. A pair of double doors to the rear gives access to a rear communal yard/parking area, within which the building benefits from 2 parking spaces.

First Floor: The first floor flat is accessed via an external staircase to the rear of the building which leads to a private entrance door for the following accommodation: Entrance Hall; Kitchen with a range of MDF base and wall units; 2 Bedrooms; Sitting Room with window overlooking Regent Road; Bathroom with modern white wc wash hand basin, bath with overhead shower.
EPC Rating: D

Location
The property is ideally located in the heart of Great Yarmouth, a short walk from the seafront and in an area that experiences high volumes of foot traffic in this pedestrianised part of the town.

Tenancies
The property is fully let and produces a total current income of £20,400 per annum.

The ground floor (retail shop) is let to a private individual for £12,000 per annum on a lease commencing September 2024 until September 2031 and thereby with approximately 6 years remaining.
The first floor flat is let on an AST dating from December 2024, for a rent of £8,400 per annum.

Viewing
Cheffins Property Auction Dept

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.