23 Hall Quay is a substantial Grade II listed former bank in a prominent position overlooking the River Yare in Great Yarmouth. The building benefits from lapsed planning permission for conversion into a restaurant with three flats, offering significant potential for redevelopment (subject to obtaining the necessary consents).
Heading to auction on 11th February with an attractive guide price of £80,000 – £100,000 (plus fees) and sold freehold, the property is likely to appeal to keen developers or entrepreneurs.
Grand architecture
Constructed in 1904, it is built of brick with an Edwardian Baroque-style façade, featuring a striking Venetian window supported by granite ionic columns. Behind the impressive two-storey frontage lies a large former banking hall, a stunning remnant of the property’s original civic and commercial purpose.
The building extends over three floors, providing more than 300 square metres of accommodation, including the basement. In its current condition, the property requires clearing and refurbishment throughout to create a blank canvas for a range of potential uses.
Plans for change
The property benefits from previously granted listed building consent, approved by Great Yarmouth Borough Council on 13th March 2017 under application number 06/16/0701/LB.
The consent granted a change of use of the ground floor to a restaurant, alongside the creation of three self-contained flats on the upper floors. Although the planning permission has now lapsed, it provides a valuable indication of the local authority’s willingness to support a sensitive and considered redevelopment of the building, subject to renewed consents.
This historic approval highlights the considerable potential to buyers, with scope for a mixed-use scheme that could capitalise on the building’s prominent position and architectural character.
Whether reimagined as a hospitality venue with residential accommodation above or adapted for alternative uses such as offices or residential conversion, this is an exciting chance to unlock significant value from a landmark listed building.
Prime location
23 Hall Quay enjoys a highly central and prominent location, benefiting from strong footfall and excellent visibility, making it particularly well-suited to a potential business or commercial venture.
A wide range of amenities are within easy walking distance, including restaurants, shops, leisure facilities and the seafront. The area also boasts many attractions for families, such as the Sea Life Centre, Pleasure Beach amusement park and the renowned Hippodrome Circus, ensuring year-round activity and appeal.
Connectivity is another key advantage. Great Yarmouth provides excellent transport links, with a comprehensive network of bus services connecting the town to surrounding areas, including Lowestoft and Norwich. Direct rail services also run to Norwich, where onward connections are available to Cambridge, Ipswich, London and beyond.
Don’t miss out
Auction Surveyor Robert Hurst commented: “If you’re looking to secure a substantial property with compelling redevelopment potential, then this is an exciting opportunity that should not be overlooked.”
For further details and viewing arrangements, please contact our Norwich office on 01603 505100.
