83/83a Magdalen Way, Great Yarmouth, Norfolk, NR31
Size
1,626
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
No floor / site plan
Description
Gross Initial Yield: 6.15%
Rental Income: £16,900 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop and a 3-bed flat at first/second floor
Property benefits from rear service yard and parking for 2 cars
Nearby occupiers include Morrisons, Coral, Post Office and Lloyds Pharmacy.
Property Description:
Mid-terrace building comprising retail shop at ground floor and 3-bedroom flat at first/second floor. The property benefits from rear service yard with 2 parking spaces and provides the following accommodation and dimensions:
Ground Floor Shop: 74 sq m (796 sq ft)
Open plan retail, Storage, Kitchenette, WC
First/Second Floor Flat: 77 sq m (830 sq ft)
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
Total GIA: 151 sq m (1,626 sq ft)
Tenancy:
The retail shop is at present let to an Individual for a term of 12 years from 29th September 2023 at a current rent of £9,100 per annum and the lease contains full repairing and insuring covenants. Deposit held of £3,600.
The residential flat is at present let on AST to an Individual for a term of 12 months from 13th June 2023 at a current rent of £7,800 per annum.
Location:
Gorleston-on-Sea, known colloquially as Gorleston, is a town in the Borough of Great Yarmouth, in Norfolk, England. The town lies approx. 3 miles south of Great Yarmouth and benefits from good road links via the A12. The property is located close to the junction with Stuart Close within an established retail parade, with occupiers nearby including Morrisons`s Daily, Coral, Post Office, Lloyds Pharmacy and Barnardo's, amongst others.
- Service charge
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- Business rates
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- Use class
- C3, E
- Listed building
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- Floors in building
- 3
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
83/83a Magdalen Way, Great Yarmouth, Norfolk, NR31
About BLUE ALPINE PARTNERS LIMITED, London
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.
We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.
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Disclaimer - Property reference gorleston. 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 BLUE ALPINE PARTNERS LIMITED, London. 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.