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 11th July 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
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.
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.
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.
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).
