Call the team on 01603 505 100 for more information
12 bedroom hotel in prime location near the sea front updating required
A Grade II listed 12 bedroom hotel for refurbishment A short walk from the main promenade, this impressive five storey hotel has enormous income potential. The property is in need of updating but currently has 12 letting rooms and self contained owners living accomodation. The hotel lies in a protected area of the town and is in an improving environment for the hotel business being a conservation area and within walking distance of the beach, seafront and town centre. The property is held on the balance of a 999 year lease which commenced 24th September 1846. There is a gas fired central heating system. Great Yarmouth is a popular seaside resort with a comprehensive range of holiday and leisure facilities, town centre shops and commercial facilities.
Tenure
Leasehold. 999 year term from 24th September 1846, peppercorn ground rent
Description
Basement Floor
Bedroom with shower room, separate w.c, lounge with kitchen area.
Lower Ground Floor
Bedroom with shower room, separate w.c, office/laundry room, kitchen.
Ground Floor
Entrance Hall, bedroom with ensuite, bedroom.
Upper Ground Floor
Two bedrooms, two separate w.c's, shower room, bathroom.
First Floor
Bedroom with en-suite, large bedroom/living room with balcony.
Second Floor
Three bedrooms.
Upper Floor
Three bedrooms, w.c.
Outside
Courtyard areas.
Viewing
Please call the Auctioneers - 01603 505100
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Great Yarmouth Borough Council. Tel: 01493 856100
Solicitors
Mears Hobbs Durrant, 92 High Street, Gorleston, Great Yarmouth, Norfolk NR31 6RH, Ref: Ginny Kent, Tel: 01493 665413
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.