Northgate Street, Great Yarmouth

£140,000


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, cafés, 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.


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