Property description
This shop is in a prominent position with good footfall at the junction of King Street and Regent Street within Great Yarmouth‘s prime retailing district. The property provides a ground floor sales area with side office and toilet. The first and second floors provide basic storage. The upper floors offer an opportunity to create 2 residential units.
Ground - Retail Zone A - 28.30 m2 (304ft2)
Ground - Retail Zone B - 28.30 m2 (304 ft2)
Ground - Retail Zone C - 24.10m2 (359ft2)
Ground - Internal Storage - 6.10m2 (65ft2)
Ground - Staff Toilets
First - Internal Storage - 58.1 m2 (625 ft2)
Second - Internal Storage - 20.8 m2 (224 ft2)
Total Floor Area - 170.10 m2 (1831 ft2)
Planning
The subject property forms part of the main High Street retailing area and has planning consent for A1 (retail use). Due to the mix of other retailers in this immediate area, other uses could be permitted including A2 (financial and planning), A3 (restaurants and cafes).
Business Rates
2010 Rateable value is £30,500. The 2017 draft Valuation is £22,750.The amount payable the £ for 2015/16 is 49.3p for rateable values over £18,000.
Legal Costs
Both parties will be responsible for their own legal costs.
Tenure - Freehold
Leasehold
Legal Costs
Both parties will be responsible for their own legal costs. A simple LawSociety lease will be used. The in going tenant pays £250 + VAT plus£200 + VAT for a Photographic Schedule to support the lease.
Lease
Leasehold - Leases are for multiples of 3 years on FRI Terms. A 3 month rental bond is required and rent to be paid one month in advance.. A rent free period maybe available to help renovate / upgrade the property.
Property Features :
- Ground Floor Shop measures 69.14 sq m (744.22 ft2)
- First and Second floor storage
- Prominent Position with Good Footfall
- Suitable for a variety of businesses
- Located just off the town centre