Withdrawn Prior | Lot 18

The Mayfair Hotel, 5 Albert Square, Great Yarmouth, Norfolk, NR30 3JH

Withdrawn Prior

  • Hotel
  • 10 Bedrooms
  • Tenure: Leasehold. 999 year term from 24th September 1846, peppercorn ground rent

Call the team on 01603 505 100 for more information

Auction Date

Wed 02/11/2016

Auction Time

11:00 am

Auction Venue

The Sunningdale Suite, Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ

Viewing Times:

Fri 14 Oct

10:15 am - 11:00 am

Fri 21 Oct

10:15 am - 11:00 am

Fri 28 Oct

10:15 am - 11:00 am

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.