Property description
Austin Property Services are delighted to present this substantial ten bedroom former guest house arranged over three floors, positioned in a popular residential location, a short distance from the sea front and esplanade. Outline permission has been granted on this property for two, two bedroom units and two one bedroom units as per planning reference 06/15/0030/F. It will be of great interest to developers and investors to learn that, unusually for this sought after, attractive road in the centre of town, this property benefits from planning permission for conversion into four flats, please see the link::http://planning.great-yarmouth.gov.uk/OcellaWeb/planningDetails?reference=06/15/0030/F&from=planningSearchInterested parties are advised to register their interest with this agent who will advise them of the process that will be followed. It is appraised that on the completion the development should yield £240,000 - £280,000 on resale. Alternatively, the low capital entry generating four units will result in a very good rental return percentage and be suitable those also looking for longer term investment returns.Please contact Austin Property Services on 01305 858470 to register your interest.Under the estate agency act of 1979, note the vendors of this property are associated to Austin Property Services.
Property Features :
- For Sale By Formal Tender
- Former Guest House
- 10 Bedrooms
- Outline Planning Permission for Four Flats
- Arranged over Three Floors
Property Info: