Mixed use for sale

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12 FEBRUARY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Investment opportunity to acquire commercial shop with four apartments above producing a good yield of £52,749 pa (12.4%)

This mixed use opportunity commands a notable presence in the seaside resort of Great Yarmouth and is producing a combined income of £52,740pa. (12.4% yield).

The ground floor consists of two commercial rooms, with a current longstanding tenant. Its upper levels consists of four thoughtfully appointed apartments all currently let on assured shorthold tenancies. Each consists of an open plan kitchen/living area, bedroom and bathroom.

Beyond its exceptional interiors, 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.

Retail Area:
Currently producing £20,0000 increasing to £25,000 after 5 years

Upper level Apartments:
Producing £32,740 pa

EPC Right Hand Shop = C
Left Hand Shop = D
Flats = D
Ground floor Two retail areas currently let to one tenant
First floor Two one bedroom apartments
Second floor Two one bedroom apartments
Council Tax Band Flats = A
Note 48 hours notice will be required to tenants for viewings.

Tenure: Freehold

EPC Rating: C & D

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £960 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.