Advertising hoarding producing £6,000 pa and site with lapsed planning for residential development

This site comprises a dilapidated detached warehouse, off road parking area and advertising hoarding. The advertising hoarding is let producing £6,000 pa. Part of the site is let on an informal basis for 6 car park parking spaces each producing £60 pcm (£4,320 pa). There is lapsed planning permission and more recent pre application advice for residential development. The warehouse is not listed, however the site lies within a conservation area. It is in a prominent location near the Market Place on the gateway road to the town centre and sea front and is accessed at the end of a no through road.

Tenure

Freehold

Planning

Full planning permission was granted by Great Yarmouth Borough Council on 20th October 2015 for part demolition of sub standard two storey building and erection of four town houses. Application number 06/15/0138/F. Pre app advice was also given on 7th February 2022 for demolition of two storey storage buildings and redevelopment of site to provide six dwellings. Further details and plans can be found on the public access website of Great Yarmouth Borough Council great-yarmouth.gov.uk/planning.

Note

The site incorporates two titles NK76019 which is 0.06 of an acre and NK501143 which is 0.03 of an acre giving a total area of 0.09 of an acre.

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

England and Co (Great Yarmouth), Ref: Holly Wood, Tel: 01493 844308

Additional Fees

Administration Charge - £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.