King Street, Great Yarmouth Guide Price £225,000

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  • Mixed use investment block
  • Shop, first floor salon, first floor room and self-contained one bedroom flat
  • Potential income of £21,000 per annum exclusive
  • Town centre location
  • Prominent end of terrace
  • Attractive bay fronted building incorporating double shop front
  • Separate access to upper floors

A well-presented fully let mixed commercial/residential investment property situated in Great Yarmouth town centre. Ground floor double fronted shop with separate side access to first floor salon and room and second floor flat.


Rooms

Ground Floor Retail Area - 521 ft2 / 48.4 m2

1st Floor Salon - 329 ft2 / 30.6 m2

1st Floor Room - 144 ft2 / 13.4 m2

2nd Floor Flat - 458 ft2 / 42.6 m2

Total Floor Area - 1,452 ft2 / 135m2

Business Rates

The Rateable Value for 2017 is £7,100 for the Ground Floor Shop & Premises and £1,900 for the First Floor Hairdressing Salon & Premises. The tenants are responsible for payment of these outgoings.

Legal Costs

Both parties will be responsible for their own legal costs.

Services

Mains water, electricity, gas and drainage are believed to be present.

Tenure

Freehold subject to the existing Leases and Tenancy:- The ground floor shop is let on tenant’s internal repairing terms at a rent of £6,300 per annum exclusive of outgoings. The first floor salon is let on tenant’s internal repairing terms at a rent of £4,800 per annum exclusive of outgoings. The first floor room is let for a year from 31.10.2018 at an annual rent of £4,800 exclusive of outgoings. The second floor flat is let at a rent of £425 per calendar month exclusive of outgoings.

VAT

VAT will not be applicable to the purchase price.


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Nearby Places

Name Location Type Distance
King Street
Great Yarmouth NR30 2NZ
County: Norfolk
Sale Type: For Sale
Ref #: 9647/09/18