Northgate Street, Great Yarmouth
Sold Subject to Contract
£140,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Freehold Shop/Office
A three storey terrace building with basement and loft storage, providing a retail display of approximately 4.5m with ground floor retail area to the front and offices/store rooms to the rear. To the first floor there are a range of offices, WC's and a staff room with kitchenette, and further offices to the second floor.
DESCRIPTION
LOCATION
Great Yarmouth is situated on the East coast of Norfolk, approximately 20 miles east of Norwich and eight miles north of Lowestoft.
Northgate Street is a community high street and arterial route just north of Great Yarmouth town centre & market place. It is largely characterised by independent retail operators including hairdressers, convenience stores, florists, café’s, public houses and charity shops.
THE PROPERTY
A three storey terrace building with basement and loft storage, providing a retail display of approximately 4.5m with ground floor retail area to the front and offices/store rooms to the rear. To the first floor there are a range of offices, WC's and a staff room with kitchenette, and further offices to the second floor.
The property is considered to have excellent potential for residential conversion, whilst retaining a ground floor retail area.
Please view the floor plan for room dimensions and layout.
ACCOMMODATION
Measured on a net internal basis in accordance with the RICS code of measuring practice, the property has the following approximate floor area;
Description
Basement 24.9 sq m (268 sq ft)
Ground Floor 64.1 sq m (689 sq ft)
First Floor 59.2 sq m (637 sq ft)
Second Floor 52.0 sq m (560 sq ft)
Loft 14.8 sq m (159 sq ft)
Total 214.9 sq m (2,313 sq ft)
PLANNING
The unit has permission for A1 retail use. However, we consider there to be potential for a range of alternative uses subject to planning.
SERVICES
We 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 a guide price of £140,000
RATES
The premises have the following assessment.
Description: Shop and Premises
Rateable Value: £6,200
Rate in the £ for 2013/2014: 46.2p
VAT
VAT is not charged. Our client reserves the right to elect to charge VAT in line with prevailing legislation.
LEGAL COSTS
Each party is to be responsible for their own costs incurred in the transaction.
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Size The size of a property or land refers to its physical extent or area. Read our glossary page
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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