Investment opportunity to acquire a Grade II listed commercial shop with residential above

A substantial Grade II listed property comprising of a large double fronted retail area with rear stores, cloakroom and basement on the ground floor which had been occupied for many years and is now vacant and a recently vacated flat arranged over the first and second floors with spacious living accommodation comprising: Sitting Room, Kitchen, three/four bedrooms and two bathroom. with its own personal side entrance door with spacious living. This property enjoys a strategic location that places it in close proximity to a wide array of the local amenities and natural surroundings. Residents will find themselves within easy reach of shopping centres, dining establishments, recreational facilities and natural surroundings, catering to every lifestyle need and preference. The property now requires investment/renovation to realise its full potential. Viewing is highly recommended.

Tenure

Freehold

Ground Floor Retail and Basement

Large retail area, storage area and staff WC.

Flat

Entrance door, stairs to first floor, sitting room bathroom, kitchen and two bedrooms. with split landing to left providing access to bedroom and ensuite, to your right staircase to the second floor where you find a further two bedrooms.

Services

Mains water, electricity, gas and drainage are connected to the property. The shop and maisonette have separate electricity supplies and gas supply to the residential part only.

Listing

The property is Grade II listed - List Entry Number: 1246590

Rateable Value/Current Council Tax

According to the Valuation Office website, the property is described as shop and premises, is noted as having an area of 139 sq/m (1,496 sq/ft) and has a rateable value of £7,100 with effect from 1st April 2023. The residential part of the property is registered for Council Tax Band A

Planning

E (Commercial Business & Service) includes retail, office and restaurant use.

Viewings

Viewings are being held strictly by appointment only and the next are on Friday 7 March. Please contact the Norwich Office to book your appointment time

Agents Note

Internal inspection has not been made of the first floor by the Auctioneers at this moment in time and purchasers should rely on their own inspection.

Energy Efficiency Rating (EPC)

Current Rating Flat - E Retail - C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Great Yarmouth Borough Council

Solicitors

Leathes Prior (The Close), Ref: Rebecca Millard, Tel: 01603 610911

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.