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High Street, Great Yarmouth NR31 Mixed use for sale
High Street, Great Yarmouth NR31
£200,000
High Street, Great Yarmouth NR31
£200,000
Our Summary
- 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 HighlightsFreehold mixed-use property comprising commercial unit and three-bedroom maisonetteBoth elements vacant, providing immediate scope for re-letting or occupationPrevious rental income:Shop: £19,300 per annumFlat: £10,500 per annumTotal potential income: £29,800 per annumProminent High Street location close to shops, amenities, and the beachOutside seating area offering excellent trading potentialIdeal for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunityThis 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
- Auction
Description
Pymm & Co Auctions is offering a unique freehold mixed-use investment and development opportunity in the heart of Gorleston's High Street, just a short walk from the seafront. The property comprises a spacious commercial unit with a basement and storage areas, as well as a large three-bedroom maisonette above. The commercial unit, previously a restaurant, is now vacant and ready for a new occupier, offering a versatile layout that could be used for a range of retail, food, or service-based businesses. The property also features an outside seating area, ideal for hospitality or café-style use. The maisonette above is a well-proportioned and well-maintained three-bedroom property that was previously let at £10,500 per annum, providing a steady and reliable income stream. The property is situated in a prime location, surrounded by a mix of independent retailers, cafes, and restaurants, and is close to the beach and excellent transport links. With a potential total annual rental income of £29,800, this property represents an appealing prospect for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunity.