Seize this incredible opportunity to expand your portfolio with two Grade II Listed properties and two substantial industrial workshops at 31 and 32 Southtown Road.
Strategically situated in Great Yarmouth, there is potential to transform these historic buildings into chic office spaces, luxury residential units, or even a blend of both, pending the necessary planning consents.
Electra House
Electra House at 32 Southtown Road is a grand building and was until recently, occupied, offering well-proportioned, adaptable internal spaces over three floors.
Five spacious offices, WC facilities, and a kitchen area are located at ground level. The first floor houses another four offices, two storage rooms, and additional WC facilities, with three ample storage rooms on the second floor.
31 Southtown Road
Next door, 31 Southtown Road, is currently in "shell" condition waiting to be transformed, providing a blank canvas for innovative development.
The property comprises of five rooms or storage areas on the ground floor and an identical layout on the first floor. Pending the required consent, it lends itself to various uses.
Complementing these properties are two substantial industrial workshops or storage units, each over 18 metres in length, providing a sizeable scope for further redevelopment. These units have pedestrian access and roller shutter doors, perfect for a range of uses, from manufacturing to storage.
Vehicular access to the rear is via Lichfield Road and leads to a spacious parking area. The extensive frontage also provides off-road parking, enhancing the site's appeal. Essential services, including mains water, electricity, and drainage, are connected to No. 32.
The business rate assessments for both properties are highly favourable:
• No. 31: Rateable value of £8,400.
• No. 32: Rateable value of £15,000.
"These Grade II listed properties represent a unique blend of historic charm and diverse potential. Whether you're looking to create high-end residential units (Subject to the necessary planning consents), efficient office spaces, or make use of the expansive workshops, this lot offers a remarkable opportunity to invest in a versatile asset."
Don't miss your chance to acquire 31 and 32 Southtown Road. With freehold tenure, these properties are standout investments ideal for boosting an established investor's portfolio.
Discover more details under lot 109 on the Auction House East Anglia website, or call the Norwich office on 01603 505 100.
