Iconic town centre property with valuable investment or redevelopment potential.
This substantial and valuable freehold commercial premises is located at the heart of this busy coastal town near to the Market Place and next to a large public car park. The excellently appointed building was formerly Bretts Furniture Shop and more recently traded as Better Furniture. The current shop could be retained and would provide an investment income of £12,000 pa for the ground floor space, leaving the upper floors for further development. Alternatively, the property can be purchased with vacant possession. There is already consent for conversion of the upper floors into seven large self contained apartments, however additional units could well be provided with an alternative planning approach (subject to planning). Planning has also been granted for a cafe and retail on the ground floor and other uses such as a restaurant or bar may well be considered. An option is available for a car park for several vehicles nearby at a cost of £35,000.
The premises extend to approximately 12,000 square feet spread over four floors. The ground and first floor levels have been in use for the existing furniture store. The remainder of the accommodation provides office and storage space.
The rateable value is currently £25,250
Energy Efficiency Rating (EPC)
Current Rating C
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Great Yarmouth Borough Council
Norton Peskett, 18 Church Plain, Great Yarmouth, NR30 1NF, Ref: Matthew Breeze, Tel: 01493 849200
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.