The property is prominently positioned on Southgates Road to the south of Great Yarmouth town centre. The immediate surrounding area provides a mix of residential housing and business premises within the inner harbour area.
The property comprises a substantial attached building of brick construction with rendered painted finish and multi pitched tiled roof with concrete tiles. The main entrance is at the front leading to a large bar area fully fitted with carpets, furniture and furnishings, lighting and electricity. There is a second bar area/function room and a fitted kitchen. Male and female toilets are positioned to the rear of each bar area and there is a cellar area and store.
The first floor of the property provides three one bedroom self contained apartments with direct access from the rear of the property and also from an internal staircase leading from up behind the kitchen.
Apartment 1 provides a large lounge, double bedroom, kitchen, bathroom, wc.
Apartment 2 provides a bedroom, kitchen, lounge and shower room.
Apartment 3 (rear) provides a lounge, kitchen area, bedroom and shower room.
There is also an office area for the manager of the pub.
To the rear of the property there is a fully enclosed concrete yard providing external seating and smoking areas for the public house operation and car parking to the side of the property with gates to Southgates Road.
AGENTS NOTE: This area also leads to the front access to a store building which has an up and over garage style type door to the front and provides a large storage area with some internal partitioned office areas finished. There are also a rear access out to Newcastle Road via a side passageway. This is also available by separate negotiation.
We believe that mains water; drainage; electricity and gas are connected to the property. We have not carried out any checks on any of the equipment or services and recommend that any purchaser carry out their own due diligence in this regard.
The Albert Tavern is let in its entirety together with the first floor residential accommodation to the current Publican on the remainder of A 10 year lease initial tenure lease - expiring 14th October 2019. The current passing rent is £22,200 pa.
The lease is a full repairing lease with a tenant prepared Schedule of Condition.
The current Publican has a lodged a deposit which is still held.
The store building to the rear is available with Vacant Possession.
The Freehold of the property with the benefit of the lease is available at a Guide Price of £200,000.
The rear store building is available at a price of £30,000.