Commercial investment comprising offices and industrial premises producing £60,000 pa

Substantial mixed use building arranged as offices, warehouse and apartments currently let producing £60,000pa A prominent, mainly commercial site with a range of offices, warehouses and apartments extending to approximately 13,600 sq.ft. Currently the property is let on a head lease to an established tenant who has recently renewed their tenancy for the next five years with an annual rent of £60,000pa. To the front of the site are a range of offices, above and immediately to the rear are three self-contained apartments beyond which are two steel framed linked warehouses, one of which was previously fittted out to provide a call centre operation. There is a generous parking area to the side and front of the building and in future the site could provide a significant redevelopment opportunity being well placed for access to the town centre, river and other amenities.

Tenure

Freehold

Great Yarmouth is a substantial coastal resort and Port with a resident population of approximately 57,000 persons. It is well served by a comprehensive range of amenities and regular public transport, including rail service, to all other major local centres.

Ground Floor Commercial Areas

Office area: 2,005 sq.ft Warehouse Unit: 4,933 sq.ft Storage building: 3,227 sq.ft

Residential Accommodation

There are currently three residential units including a four bedroom maisonette above the office area. This includes access to a roof terrace. Two further one bedroom units are located on the ground floor.

Outside

To the front and side of the property is a surfaced forecourt area for approximately twenty vehicles.

Business Rates

Current rates are £27,750. Business rates payable for 2016/17 are based on 48.4 pence in the £ prior to any small business rates relief to which an occupier may be entitled.

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating E

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

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mr N Norton, Tel: (01603) 864331

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.