COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 09 February 2022 | Lot 11

56 Marine Parade, Great Yarmouth, Norfolk, NR30 2EJ

*Guide | £275,000 - £325,000 (plus fees)

  • Restaurant
  • 12 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 09/02/2022

Auction Time

11:00

Auction Venue

Livestream Auction

Substantial freehold 5 storey building in prime seafront position with bar, restaurant and 12 bedrooms

Having been in the same family for many years this substantial hotel, bar and restaurant is now vacant and ready for a new lease of life. The building which is almost opposite the Britannia Pier is on Great Yarmouths popular sea front close to a wide range of tourist attractions, restaurants and a few steps from the beach and main shopping streets. The property comprises of over 5,250 square feet of accommodation including a lower ground floor bar/restaurant, a ground floor restaurant with main kitchen and food preparation areas. On the three upper floors there is a managers flat, 11 bedrooms and various toilets and bathroom facilities. The upper floors of the property could potentially provide suitable space for conversion to flats subject to obtaining appropriate planning permission. This valuable freehold opportunity could provide excellent investment income or a thriving business for an owner occupier.

Tenure

Freehold

Lower Ground Floor

External staircase down to lobby, main bar/restaurant area, kitchen, store, internal staircases to Ground Floor

Ground Floor

Main restaurant, kitchen, prep room, customer toilets, rear open store, boiler room, staff toilet courtyard area

First Floor

Landing, managers flat, 3 bedrooms, customer toilets

Second Floor

Lading, 3 bedrooms, bathroom, separate w.c.

Third Floor

Landing, 5 bedrooms. bathroom, separate w.c.

Energy Efficiency Rating (EPC)

Current Rating F

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

Stenfield Solicitors, The Union Building, 51-59 Rose Lane, Norwich, NR1 1BY, Ref: Alpesh Patel, Tel: 01603 733404

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc 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.