The Old Malthouse 75 Howard Street Great Yarmouth Norfolk NR30 2PU

The Old Malthouse
75 Howard Street
Great Yarmouth
Norfolk
NR30 2PU

Town Centre Retail Parade

  • Three Retail Units (One with Vacant Possession)
  • Opposite Victoria Shopping Arcade and close to Market Gates Shopping Centre
  • Adjacent to King Street Car Park, the town centre’s largest car park
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    90
  • Auction
    19th May 2016
  • Rent
    £11,260 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Town Centre Retail Parade

  • Three Retail Units (One with Vacant Possession)
  • Opposite Victoria Shopping Arcade and close to Market Gates Shopping Centre
  • Adjacent to King Street Car Park, the town centre’s largest car park
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 90
  • Auction 19th May 2016
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
19 miles east of Norwich, 74 miles north of Colchester
Roads
A12, A47, A143
Rail
Great Yarmouth Rail
Air
Norwich International Airport
Situation

The property is located on the western side of Howard Street, close to its junction with Regent Street. Victoria Arcade, an indoor boutique style shopping centre, is located directly opposite the property with King Street Car Park, the town centre's largest car park, adjacent. Within a short walk is the prime pedestrianised shopping thoroughfare of Market Place, home to Market Gates Shopping Centre, which houses retailers including Boots the Chemist, Topshop, JD Sports and Game.

Tenure

Virtual Freehold. Held on two separate titles for terms of 999 years from 12th January 2005 and 12th January 2006 at a peppercorn rent.

Location
Miles
19 miles east of Norwich, 74 miles north of Colchester
Roads
A12, A47, A143
Rail
Great Yarmouth Rail
Air
Norwich International Airport
Situation

The property is located on the western side of Howard Street, close to its junction with Regent Street. Victoria Arcade, an indoor boutique style shopping centre, is located directly opposite the property with King Street Car Park, the town centre's largest car park, adjacent. Within a short walk is the prime pedestrianised shopping thoroughfare of Market Place, home to Market Gates Shopping Centre, which houses retailers including Boots the Chemist, Topshop, JD Sports and Game.

Tenure

Virtual Freehold. Held on two separate titles for terms of 999 years from 12th January 2005 and 12th January 2006 at a peppercorn rent.

Description

The property comprises three ground floor retail units, which form part of a larger building.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three ground floor retail units, which form part of a larger building.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit No. Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
1 Ground Coffee Shop
32.20 sq m
(347 sq ft)
WESTWICK COFFEE
SHOPS LTD (WITH
PERSONAL GUARANTEE)
5 years from
24/12/2008
£5,760 (1) 23/12/2013 (2)
2/3 Ground Hairdressing
Salon
75.40 sq m
(812 sq ft)
INDIVIDUAL t/a Gossip
Hairdressers (WITH
PERSONAL GUARANTEE)
23 years from
29/09/1991
£5,760 28/09/2014 (2)
4 Ground Retail
54.30 sq m
(584 sq ft)
VACANT POSSESSION      
Total Commercial Area    
164.90 sq m
(1,775 sq ft)
    £11,520

(1) The contractual rent is £7,500 pa, the tenant is currently paying a concessionary rent.
(2) The tenant is holding over.

Property Documents

  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    602 KB
    View PDF
  • Site Plan
    Updated Date
    27.04.16
    File Size
    127 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds 1 Callaghan Square
Cardiff
CF10 5BT
Alexandra Shapland 0292 047 7210AlexShapland2@eversheds.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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