The property occupies a prominent corner position at the bottom of Broad Row in the centre of Great Yarmouth. Broad Row is a pedestrianised mixed use commercial and residential street which links to Market Row and the prime commercial areas around the Market Place. Opposite Broad Row there is a useful public car park and quick and easy access to the riverside port areas. Nearby occupiers include the Tombstone Brewery and Saloon Bar, Norfolk Citizens Advice Bureau, Wetherall Locksmiths and other niche and local type operators.
The property comprises an end of terrace period four storey property. The ground floor provides an office/consulting rooms previously used for alternative medicine treatment rooms. This area is a modern working environment and benefits from separate kitchen and toilet facilities to the side. There is a separate side access which leads to a communal hall with stairs to the upper floors where there are 3 self-contained apartments. The first floor apartment is a 1 bed apartment, the second floor apartment is a 1 bed apartment and on the third floor is a 2 bed apartment. All benefit from kitchen areas, shower and toilet facilities. All with a modern specification, fire system and separate electric heating.
We believe that mains electricity, gas, water and drainage are connected to the property. A boiler provides central heating to the communal areas. The three apartments have electric central heating systems.. There is one water supply which is paid by the landlord.
Flat 1 - C
Flat 2 - C
Flat 3 - E
Ground Floor E
The freehold of the property with the benefit of the ground floor lease is available freehold at a price of £199,950.
The ground floor of the property was recently let to a therapist consultant at a rent of £3,900 pa.
The 3 apartments upstairs are currently vacant but have all been regularly let on an assured shorthold tenancies bringing in a total of £16,200 pa.
Therefore the total potential income is £20,100 pa showing a gross yield of 10.3% based on the guide price.
Strictly by appointment with the selling agents, BYCROFT COMMERCIAL, tel. 01493 844489.