Property Information
Address:
Regent Street, Great Yarmouth
Price: Sale Price: £335,000
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH544507
Property Ref/Agent: 100992001514
*Please use the agent ref when calling the agent directly.
Property description
LOCATION
Regent Street is located off Great Yarmouth's pedestrianized market place, a short walk from the bus station and Market Gates indoor shopping centre. The area is characterized by a mixture of national and local retailers, coffee shops, travel & estate agencies.
Regent Street forms part of the Towns one way traffic system. Parking is available via public pay & display car parks on Howard Street South, and Greyfriars Way both less than a minutes walk from the property.
DESCRIPTION
A substantial Georgian property of brick construction with a pitched and tiled roof, and later flat roof additions/extensions. Accommodation is arranged over three floors plus a basement storage area.
The ground floor provides a double fronted retail unit (easily divisible) with fully glazed shop fronts featuring period details, and recessed shop entrances. To the rear there are storage and staff areas, and externally a secure yard suitable for car parking or further development (subject to planning).
The first and second floors have been converted under the terms of a lease agreement into five one bedroom flats at a total cost of circa 400,000, under the terms of the agreement the owner will not derive any income from the flats until 2018 - with the full ownership reverting back to the freeholder in 2021.
AMENITIES
Mains water, gas, electricity and drainage are understood to be connected (subject to confirmation from the statutory authorities).
Larkes Estate Agents have not carried out tests of the services or appliances and interested parties should arrange their own tests to ensure these are in working order.
TERMS
The freehold interest is available at an asking price of 335,000. (The Business and stock may also be available by negotiation)
OUTGOINGS
The premises have the following assessment for uniform business rates purposes:
Description: Shop & Premises
Rateable Value: 12,000
Rate in the
for 2016/2017: 46.7p
Each flat is understood to be within Council Tax Band A, with a current annual charge of 1,000.23.
LEGAL COSTS
Each party is to be responsible for their own costs incurred in the transaction.
;