This valuable freehold garage and warehouse premises, which include a residential flat, is fully let producing a gross income of £30,000 pa

These corner premises are currently let to three commercial tenants and there is a self contained two bedroom apartment which is also let. The established tenants wish to remain and therefore this prominent building offers excellent investment potential. The commercial leases provide a total income of £1,949 pcm whilst the flat is producing £550 pcm. There is potential for an uplift in rental income at the next review dates. Queens Road is located close to the River Yare, town centre and seafront.

Tenure

Freehold

Tenancy Schedule

Unit 1 - £800 pcm Unit 2 - £749 pcm Unit 3 - £400 pcm Flat - £550 pcm (Assured Shorthold Tenancy) Further lease details will be provided within the legal pack.

Business Rates

According to the Valuation office website, the premises has a rateable value of £14,500 (1 April 2023 to present).

Council Tax Band

Flat - A

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

Leathes Prior (The Close), Ref: Rebecca Millard, Tel: 01603 610911

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.