155 King Street Great Yarmouth Norfolk NR30 2PA

  • 155 King Street<br>Great Yarmouth<br>Norfolk<br>NR30 2PA

155 King Street
Great Yarmouth
Norfolk
NR30 2PA

Freehold Retail and Residential Investment

  • Ground floor retail unit let to Lusa Export & Import Limited
  • Residential uppers let to Orwell Housing Association until 2029
  • Adjacent to King Street Car Park
  • Nearby occupiers include Domino’s, The Salvation Army and Betfred
  • Lot
    66
  • Auction
    13th July 2017
  • Rent
    £22,184 per Annum Exclusive
  • Status
    Sold
  • Price
    £225,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Retail and Residential Investment

  • Ground floor retail unit let to Lusa Export & Import Limited
  • Residential uppers let to Orwell Housing Association until 2029
  • Adjacent to King Street Car Park
  • Nearby occupiers include Domino’s, The Salvation Army and Betfred
  • Lot 66
  • Auction 13th July 2017
  • Rent £22,184 per Annum Exclusive
  • Status Sold
  • Price £225,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

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 is located on the western side of King Street, within close proximity of Victoria Parade Shopping Arcade and the prime pedestrianised pitch. To the rear of the property is the King Street Car Park which provides approximately 135 spaces. Nearby occupiers include Domino’s, The Salvation Army and Betfred.

Tenure

Freehold.

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 is located on the western side of King Street, within close proximity of Victoria Parade Shopping Arcade and the prime pedestrianised pitch. To the rear of the property is the King Street Car Park which provides approximately 135 spaces. Nearby occupiers include Domino’s, The Salvation Army and Betfred.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with selfcontained residential accommodation on ground, first and second floors accessed via the rear of the property

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Description

The property comprises a ground floor retail unit with selfcontained residential accommodation on ground, first and second floors accessed via the rear of the property

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx)
 Tenant Term Rent p.a.x Review/
(Reversion)
155 Ground and
Basement		 Retail
66.42 sq m
(715 sq ft)
 LUSA EXPORT &
IMPORT LIMITED
t/a Lusa Mini Market
(1) on a full repairing
and insuring lease		 6 years from
15/12/2009		 £8,325 (Holding over)
155a Ground, First
& Second		 Residential
2 x One Bedroom and
2 x Two Bedroom Flats
ORWELL HOUSING
ASSOCIATION		 Approx 29
years from
29/05/2000		 £13,859 01/01/2018
and yearly RPI
increases (2)
(09/05/2029)
Total Commercial Area:  
66.42 sq m
(715 sq ft)
     £22,184  

(1) For the year ending 31st January 2017, Lusa Export & Import Limited reported a turnover of £1,658,982, pre-tax profits of £42,118 and a total net worth of £223,333 (Source: Experian Group 05/06/2017).
(2) The lease provides yearly increases linked to RPI. Please refer to the legal pack for further information

Contacts

Seller's Solicitors
Eversheds Sutherland 1 Callaghan Square
Cardiff
CF10 5BT
Angharad-Elin Trigg 02920 477 139AngharadTriggs@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?