31 Market Place
Great Yarmouth
Norfolk
NR30 1LX

Prime Freehold Retail Investment

  • Let to Holland & Barrett Retail Limited
  • 2018 tenant break option not exercised
  • Diagonally opposite Market Gates Shopping Centre with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks
  • Other nearby occupiers include WHSmith, Greggs and Edinburgh Woollen Mill
  • VAT-free Investment
  • Lot
    20
  • Auction
    11/Jul/2018
  • Rent
    £52,000 per Annum
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 31 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 Railway Station
Air
Norwich International Airport
Situation

The property is situated in a fine trading location fronting the pedestrianised Market Place and Market Row, in the heart of Great Yarmouth town centre. Market Gates Shopping Centre is diagonally opposite, with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks. Other nearby occupiers include WHSmith, Greggs, Edinburgh Woollen Mill and branches of Santander, Barclays and Halifax banks.

Tenure

Freehold.

Description

The property comprises a ground floor shop, with ancillary accommodation on the first, second and third floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
Basement
First
Second
Third
Retail/Ancillary
Ancillary (not used)
Retail/Ancillary
Ancillary
Ancillary
108.88 sq m
-
65.22 sq m
81.01 sq m
70.70 sq m
(1,172 sq ft)
(-)
(702 sq ft)
(872 sq ft)
(761 sq ft)
HOLLAND &
BARRETT
RETAIL LIMITED
(1)
20 years from
29/09/2002 until
28/09/2022 on a full
repairing and
insuring lease
£52,000
Total
325.81 sq m
(3,507 sq ft)  £52,000

(1) For the year ending 30th September 2017, Holland & Barrett Retail Limited reported a turnover of £461,408,000, pre-tax profits of £81,776,000 and a total net worth of £244,129,000 (Source: Experian Group 12/06/2018).

Property Documents

  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    779 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

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