Fronting the High Street in the centre of Gorleston on Sea, this area is a popular and thriving retail location. Nearby occupiers include Dominos Pizzas, Jimmy Ds clothiers, Messrs Hobbs & Durrant Solicitors and the recently opened Wetherspoons - The William Adams.
Car parking is available on the High Street, albeit restricted to thirty minutes and a number of pay and display car parks close by. To the side of the property there is a pedestrian walkway known as Duke Road which links to Blackwall Reach providing rear access.
The property comprises a deceptively large commercial premises with High Street frontage and comprises a mid-terrace, 3 storey building. To the rear of the property there is a single storey kitchen and two garages which open out onto Duke Road. The property wrapping itself around the neighbouring dwellings and commercial premises.
The ground floor is trading as Berrys Restaurant. The main access is via a pedestrian door at the front of the property with glazed frontage to the High Street. This opens out into a restaurant area with up to forty covers and toilet facilities to the rear. The kitchen runs alongside the restaurant and is open plan and well appointed. Stores and ancillary areas, including wash up, are to the rear of the property and there are two garages providing further storage which both open out onto Duke Road and are accessed via Blackwall Reach. There is a fully enclosed courtyard garden to the rear.
The first floor and second floor of the property on the High Street frontage has been converted to a two bedroom maisonette. It has separate pedestrian access from the High Street leading to stairs. The first floor provides a bathroom, kitchen and lounge with the second floor providing two bedrooms.
According to the Valuation Office Listings this property has a total ground floor area of 139.25 sq m (1,500 sq ft).
We believe that mains water, drainage, electricity and gas are connected to both the ground floor commercial property and the upper floor maisonette. Gas central heating is provided to the maisonette.
We have not carried out any tests or services on any of the appliances or fixtures or fittings and we recommend that any prospective purchaser carries out their own due diligence in this respect.
The freehold of the property, with the benefit of the leases, is to be sold at a guide price of £225,000.
Ground floor restaurant has a rateable value of £7,900. There will be 100% rates relief for qualifying businesses.
The maisonette is assessed as council tax band A.
VAT will not be payable in this transaction.
Each party to bear their own legal costs.
The ground floor of the property is let to Berrys Restaurant, an established restaurant having been on the High Street for more than fifteen years. The tenancy is the remainder of a fifteen year lease expiring 10 October 2025. This is a full repairing and insuring lease and the current rent is £15,500 pa. There are rent reviews due in 2019 and 2022.
The maisonette is rented on an assured shorthold tenancy at a rent of £525 pcm.
Strictly by appointment only with the selling agents, BYCROFT COMMERCIAL, tel 01493 844489.