High Street Gorleston, Great Yarmouth Guide Price £239,950

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    High Street Gorleston
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    High Street Gorleston
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    High Street Gorleston
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    High Street Gorleston
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    High Street Gorleston
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    High Street Gorleston
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    High Street Gorleston

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  • Mixed use investment block
  • Shop, rear ground floor annexe, first and second floor flats
  • Potential income £22,720 per annum
  • Prime town centre location
  • Separate access via Blackwell Reach to residential parts

Reduced

A well presented mixed commercial / residential investment property situated in Gorleston town centre. Ground floor shop with separate rear access to ground floor annexe and two upper floor flats.


Rooms

Ground Floor Retail Area - 27.0 sq m (290 sq ft)

plus kitchen and WC.

Ground Floor Rear Annexe - 31.3 sq m (337 sq ft)

Lounge, kitchen, bedroom and shower room.

First Floor Flat - 37.0 sq m (398 sq ft)

Lounge with kitchenette, bedroom and shower room.

Second Floor Flat - 29.3 sq m (315 sq ft)

Lounge with kitchenette, bedroom and shower room.

Total Area - 128.8 sq m (1,386 sq ft)

Business Rates & Council Tax

The Rateable Value for 2017 is £3,550 for the Ground Floor Shop & Premises. Each of the residential parts are assessed within Band A for Council Tax purposes. The tenants are responsible for payment of these outgoings.

Legal Costs

Both parties will be responsible for their own legal costs in the transaction.

Services

Mains water, electricity and drainage are connected to the property. The four parts of the property are separately metered for electricity. The property has a smoke detection / fire alarm system connected.

Tenure

Freehold subject to the existing Lease and Tenancy Agreements. The ground floor shop is let on tenant's internal repairing terms at a rent of £6,000 per annum exclusive of outgoings for a term of 6 years from 22nd September 2017 with mid term rent review. The rear ground floor annexe is let at a rent of £110 per week exclusive of outgoings. The first floor flat is let at a rent of £110 per week exclusive of outgoings. The second floor flat is let a rent of £440 per month exclusive of outgoings.

VAT

VAT will not be applicable to the purchase price.


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EPC

Floorplans (Click to Enlarge)

Nearby Places

Name Location Type Distance
High Street Gorleston
Great Yarmouth NR31 6RQ
County: Norfolk
Sale Type: For Sale
Ref #: 10/2018/HD