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Palace Cinema, 159-164 High Street, Gorleston, Great Yarmouth, NR31 6RG

Guide Price
£550,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Leisure facility for sale

Key features

  • 403 capacity seating
  • Art Deco style building
  • Onsite customer parking
  • Highly visible High Street location
  • Diverse revenue streams
  • Potential for expansion
  • Christie & Co Ref: 1490011

Description

Description

The Palace Cinema in Gorleston originally opened in the late 1930’s and had a history of previously operating as a Bingo club. Like the Felixstowe site, this property retains its Art Deco style and features a steel frame structure with brickwork cavity walling to support the flat roof. A large, pitched roof covers the main entrance, which has undergone refurbishments over the years. The cinema is conveniently located on High Street, Gorleston, and is supported by several nearby parking areas within walking distance

Location

Gorleston-on-Sea, located 2 miles (3 km) south of Great Yarmouth, is a seaside town in Norfolk with a population of around 19,600. It is known for its expansive sandy beach, promenade, and vibrant local community. The Palace Cinema Gorleston, positioned on High Street, has benefitted from local investment, including coastal protection projects and town centre improvements, supporting its growing tourism and leisure sector.

Ground Floor

• Entrance lobby with concession stand/sales counter
• Two cinema screens
• Male and female toilets
• Two projection rooms
• Non-operational commercial kitchen, currently used as storage
• Former bingo seating area, currently used as storage
• Boiler room
• Ancillary storage

Other Floors

First Floor
• Foyer with a bar servery
• Two cinema screens
• Male and female toilets

Second Floor
• Projection room
• Staff room

The Opportunity

The Palace Cinema in Gorleston comprises four screens with a total seating capacity of 403. Upon entering
through the main entrance, visitors are welcomed by a foyer featuring a box office and a kiosk offering
popcorn, confectionery, and hot and cold drinks.
The four auditoria are situated on the ground floor, just off the foyer, with ladies’ and gentlemen’s toilets
located on the first floor. A disabled toilet and stockroom are available on the ground floor.
The business operates seven days a week, hosting multiple performances daily, including matinee and
evening screenings.

Trading Information

Turnover for financial year ending 31/12/2024 was £284,680.

Further trading information available upon request.

Trading Hours

7-days a week 10:30am – 11pm

Ticket Prices

Adult (16 & over)
• Luxury: £8.95
• Ultra: £9.95
• Elite: £10.95

Child (15 & under) & Senior (60 & over)
• Luxury: £6.95
• Ultra: £8.95
• Elite: £9.95

Brochures

Palace Cinema, 159-164 High Street, Gorleston, Great Yarmouth, NR31 6RG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Great Yarmouth Station2.2 miles
  • Berney Arms Station4.2 miles
  • Haddiscoe Station5.7 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 1490011-fh. 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 Christie & Co, Retail. 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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