Harry Ramsden's, 11-12 Marine Parade
Great Yarmouth
Norfolk
NR30 3AH

Freehold Restaurant Investment with Long Lease

  • Prominent sea front position in prime leisure location
  • Substantial Property comprising some 761 sq m (8,192 sq ft)
  • Let to Deep Blue Restaurants Limited t/a Harry Ramsden's until 2038 (no breaks)
  • 5 yearly RPI rent reviews, next due February 2023
  • Lot
    27
  • Auction
    28/Oct/2020
  • Rent
    £45,735 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • Harry Ramsden's, 11-12 Marine Parade<br>Great Yarmouth<br>Norfolk<br>NR30 3AH
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* More information on the term "price" can be found here

Property Information

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

Great Yarmouth is a popular seaside town just 20 miles east of Norwich. The property occupies a prime spot on Marine promenade close to the Wellington Pier and The Sea Life Centre. Nearby occupiers include Sea Life Great Yarmouth, Hippodrome Circus and a large number of seaside restaurants and entertainment businesses.

Tenure

Freehold.

Description

The property is a substantial four storey building comprising ground and first floor restaurant/ancillary accommodation, with basement, second and third floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

Band E. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Basement
Ground
First
Second
Third
Restaurant/Ancillary
Restaurant/Ancillary
Restaurant/Ancillary
Ancillary
Ancillary
136.20 sq m
271.24 sq m
210.53 sq m
120.46 sq m
22.64 sq m
(1,466.04 sq ft)
(2,919.13 sq ft)
(2,268.13 sq ft)
(1,296.64 sq ft)
(243.69 sq ft)
DEEP BLUE
RESTAURANTS
LIMITED (on
assignment) t/a
Harry Ramsden’s
(1)
35 Years from
11/02/2003
until
10/02/2038
£45,7532023 and 5
yearly linked
to RPI
Total
761.09 sq m
(8,192.3 sq ft)   £45,753 

(1) For the year ending 25th September 2018, Deep Blue Restaurants Limited reported a turnover of £11,649,226, pre-tax profit negative £177,838 and a shareholder's funds of £6,898,131 (Source: SmartSearch 16/09/2020). Deep Blue Restaurants Limited is the nations largest network of fish and chip restaurants and takeaways (www.deepbluerestaurants.com). Harry Ramsden's world famous fish and chips have traded in excess of 90 years and have over 30 outlets throughout the UK (www.harryramsdens.co.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    603 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 1 Park Row
Leeds
LS1 5AB
Sherrie Roberts 0113 294 5276sherriemarie.roberts@pinsentmasons.com

Useful Links

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