The property occupies a prominent roadside position on Nelson Road Central in the centre of Great Yarmouth. This is a very busy thoroughfare linking the town centre with the sea front and there are large amounts of both vehicular and pedestrian passing traffic. There is a large residential population immediately surrounding these premises and there are numerous hotels and guest houses. Marine Parade is within 200 metres of this location and the prime seaside areas.
The property comprises a semi detached 3 storey building of traditional brick construction beneath a pitched tiled roof. The ground floor the property provides a retail unit with direct access from Nelson Road Central and benefits from display windows to the same. Internally a uniformed shaped is provided with counter and racking and spotlighting. There is a rear kitchen and store and an outside toilet for the use of the shop. The shop provides a total area of 62.5 sq m (672 sq ft).
Stairs lead from the shop to a first floor office and a second floor area which has a hatch for access. Agents Note
This area could be easily converted to a further residential dwelling (subject to planning).
The maisonette is accessed via rear passageway which leads to the ground floor where there is a kitchen provided with stairs leading to the first floor providing a bathroom, dining room and lounge. Stairs then lead to the second floor where there is a front and rear bedroom. This house is currently let and income producing on an assured shorthold tenancy bringing in an income of £74 per week.
This established family business has been run as a newsagent and convenience store since 1964. The accounts prepared by Lovewell Blake to the year ending 31st March 2018 show a healthy turnover and profit figures.
Please contact the sole agents for full accounts.
The current business operates as a traditional newsagents/convenience with an established newspaper run covering the hotels and guests, town centre businesses and oil rigs. It offers all the normal National Lottery, Paypoint, Payzone, Card Tronic concessions. There are opportunities for the further development of the business to include increasing the opening hours and expanding the product range including off licence.
The property, business - goodwill, fixtures and fittings are available in its entirety on a Freehold basis at a price of £250,000 with stock at valuation available.
Business Rate and Council Tax
The Shop has a Rateable Value of £4,050 pa. The maisonette is Council Tax Band A.
Strictly by appointment with the selling agents BYCROFT COMMERCIAL. Tel. 01493 844489