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Price History
Our Summary
- Auction
- Pymm & Co Auctions are delighted to offer an exciting freehold mixed-use investment and development opportunity located in the heart of Gorleston's popular High Street, just a short stroll from the seafront
- Comprising a spacious commercial unit with basement and storage areas, plus a large three-bedroom maisonette above, this property offers a wealth of potential for investors, business owners, or developers alike
- The commercial premises offer a versatile layout that could easily lend itself to a range of retail, food, or service-based uses (subject to any necessary consents)
- Investment Highlights Freehold mixed-use property comprising commercial unit and three-bedroom maisonette Both elements vacant, providing immediate scope for re-letting or occupation Previous rental income: Shop: £19,300 per annum Flat: £10,500 per annum Total potential income: £29,800 per annum Prominent High Street location close to shops, amenities, and the beach Outside seating area offering excellent trading potential Ideal for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunity This is a fantastic opportunity to acquire a substantial freehold property in a sought-after and vibrant coastal location
- Please request the auction legal pack to view full legal documents and property details
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Description
This freehold mixed-use property in Gorleston's High Street offers a unique investment and development opportunity. The ground floor commercial unit, previously a restaurant, is vacant and ready for a new occupier, with a versatile layout suitable for various retail, food, or service-based uses. The unit has a basement and storage areas, as well as an outside seating area, perfect for hospitality or café-style use.
The property also features a three-bedroom maisonette above, with independent access, which was previously let at £10,500 per annum. The location is prime, surrounded by a mix of independent retailers, cafés, and restaurants, with high footfall throughout the year. The property has a strong rental history, with the commercial unit generating £19,300 per annum, and the flat £10,500 per annum, making it an appealing prospect for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunity.