A town centre car park with 35 spaces 22 currently let producing £6,322 pa also useful storage sheds with further potential

A parcel of land currently providing parking for up to 35 cars, 22 of the spaces are already let producing an income of £6,322 per annum. Potential therefore exists to enhance the value by letting the remainder of the spaces and there are also three lock up store rooms which could provide useful storage or additional rental income. The land which is being sold on a new 250 year lease is centrally located close to the town centre with access to the riverside and both high density residential and commercial areas. The land is being sold with no overage requirement.

Tenure

Leasehold

Location

The site is situated to the front, side and rear of Crown House and has security entry from Yarmouth Way and Town House Row via South Quay.

The site

The land extends to approximately 0.33 acre (subject to measured survey)

Leasehold Information

Term: New 250 year lease Annual Ground Rent: £200.00 Ground rent review period: To be advised Annual service charge amount: To be advised Service charge review period: To be advised

Viewing

Any reasonable time during daylight hours. All persons viewing should be aware that they enter the site entirely at their own risk.

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

Solicitors

Norton Peskett (Great Yarmouth), Ref: Matthew Breeze, Tel: 01493 849225

Offered in association with

East Commercial

Additional Fees

Buyer's Premium - £450 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.