Substantial prominent town centre detached property in need of refurbishment offering redevelopment potential

This prominent building is located in the town centre opposite the Market Gates shopping centre and British Heart Foundation. The ground floor commercial space including the single storey extension extends to around 130 sq/m and has been a dry cleaners for many years. The upper two floors have been used as bedsits in the past. The building offers a range of potential uses subject to the necessary consents being obtained, and will be sold with vacant possession. According to the valuation office website the single storey retail area no 5 has an area of 47.4 sq/m and a rateable value of £3,150 and no 6 has an area of 82.5 sq/m and a rateable value of £5,400 with effect from 1st April 2023. Qualifying businesses therefore will not pay business rates.

Tenure

Freehold

5

Lower ground floor: basement Ground floor: large retail area, store room, staff room

6

Ground floor: shop, three rooms, store area First floor: landing, 6 rooms, wc, two shower rooms Second floor: landing, four rooms

Plans

Plans have been drawn up to extend the property, stpp.

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

Solicitors

HKB Wiltshires (Great Yarmouth), Ref: Sarah Harris, Tel: 01493 855676

Additional Fees

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.