34 Market Place
Great Yarmouth
Norfolk
NR30 1LX

Freehold Retail Investment

  • Let to Yours Clothing Limited
  • Prominent position on the pedestrianised Market Place
  • Opposite Market Gate Shopping Centre
  • Nearby occupiers include Boots, Holland & Barrett, WH Smith and Santander
  • Lot
    60
  • Auction
    13/Jul/2017
  • Rent
    £39,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
Important Property Update
  • 34 Market Place<br>Great Yarmouth<br>Norfolk<br>NR30 1LX
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Property Information

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

The property occupys a prominent position on the western side of the pedestrianised Market Place. Market Place is a historic and bustling market street, which hosts its famous markets twice a week. Opposite the property is the Market Gate Shopping Centre, which houses occupiers including Boots, Wilko, Card Factory and JD Sports. Other nearby occupiers include Holland & Barrett, WH Smith and Santander.

Tenure

Freehold.

Description

The property comprises a Grade II Listed four storey building currently arranged to provide a ground floor retail unit with basement, first and second floor ancillary accommodation. The basement is accessed via a hatch

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Basement
Retail
Ancillary
Ancillary
Ancillary
176.23 sq m
132.38 sq m
118.54 sq m
Not measured
(1,897 sq ft)
(1,425 sq ft)
(1,276 sq ft)
YOURS CLOTHING
LIMITED (1)
20 years from
25/03/1999
£39,50025/03/2019
Total
427.15 sq m
(4,598 sq ft)
  £39,500 

(1) For the year ending 31st June 2016, Yours Clothing Limited reported a turnover of £65,687,523, pre-tax profits of £1,872,914 and a total net worth of £6,225,683 (Source: Experian Group 14/06/2017). Yours Clothing have over 70 stores across the UK, as well as stores in the Middle East (Source: yoursclothing.co.uk 20/06/2017)

Property Documents

  • Site Plan
    Updated Date
    21.06.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    900 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Legros Solicitors James William House, 9 Museum Place
Cardiff
CF10 3BD
Shelley Jones 02920 368 575shelley@legrossolicitors.com

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