North Drive, Great Yarmouth
Sold Subject to Contract
£150,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Established Seaside Cafe Business
DESCRIPTION
Great Yarmouth is situated on the East coast of Norfolk, approximately 20 miles east of Norwich and eight miles north of Lowestoft.
North Drive is a part of Yarmouth’s Golden Mile. It is largely characterised by amusement arcades, adventure parks, and café and restaurant trades.
The premises benefit from a prominent position overlooking the beach and Britania Pier, adjacent to the pay & display car park.
The premises comprise a large lock up single storey shop unit with traditional glazed shop fronts to both the beach and car park facades, with an extensive terrace wrapping around the café offering outside dining. The floor area totals 1,222 sq ft (113.5 sq m). There are approximately 40 indoor covers and up to 200 available outside on the terrace.
THE BUSINESS: An established seaside Cafe Business. The Business has been operated by the same family for over 30 years, it has established a strong cliental with a high percentage of repeat custom. Turnover and profit levels have been reliable.
Trading accounts are available to registered applicants
The business 'Good Will' is available at an asking price of £150,000.
All fixtures, fittings & stock are included within the sale; a full inventory will be available upon request.
The property is held on the remainder of a full repairing & insuring lease which expires on the 02nd November 2030. The passing rent is £17,000 per annum exclusive. The lease benefits from the security of tenure provisions of the Landlord & Tenant Act 1954 and can therefore be extended by the new owners.
Please note that all areas, measurements and distances given in these particulars are approximate and rounded. The text, photographs and floor plans are for general guidance only.
Larkes have not tested any services, appliances or specific fittings - prospective purchasers are advised to inspect the property themselves. All fixtures, fittings and furniture not specifically itemised within these particulars are deemed removable by the vendors.
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
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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