83/83a Magdalen Way, Great Yarmouth, Norfolk, NR31
£218.33 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,626 sq ft
151 sq m
- SECTOR
3 bedroom mixed use property for sale
- USE CLASSUse class orders: C3 Dwelling Houses and Class E
C3, E
Description
Gross Initial Yield: 4.34%
Rental Income: £15,400 p.a.
VAT is NOT applicable to this property
Comprises ground floor retail shop and a 3-bed flat at first/second floor
Property benefits from rear service yard and parking for 2 cars
Nearby occupiers include Morrisons, Coral, Post Office and Lloyds Pharmacy.
Property Description:
Mid-terrace building comprising retail shop at ground floor and 3-bedroom flat at first/second floor. The property benefits from rear service yard with 2 parking spaces and provides the following accommodation and dimensions:
Ground Floor Shop: 74 sq m (796 sq ft)
Open plan retail, Storage, Kitchenette, WC
First/Second Floor Flat: 77 sq m (830 sq ft)
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
Total GIA: 151 sq m (1,626 sq ft)
Tenancy:
The retail shop is at present let to an Individual* for a term of 10 years from 29th September 2015 at a current rent of £7,900 per annum and the lease contains full repairing and insuring covenants. Deposit held of £3,600.
*Note - Lease assignment from 31 August 2016.
The residential flat is at present let on AST to an Individual for a term of 12 months from 29th July 2022 at a current rent of £7,500 per annum.
Location:
Gorleston-on-Sea, known colloquially as Gorleston, is a town in the Borough of Great Yarmouth, in Norfolk, England. The town lies approx. 3 miles south of Great Yarmouth and benefits from good road links via the A12. The property is located close to the junction with Stuart Close within an established retail parade, with occupiers nearby including Morrisons`s Daily, Coral, Post Office, Lloyds Pharmacy and Barnardo's, amongst others.
Brochures
83/83a Magdalen Way, Great Yarmouth, Norfolk, NR31
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Yarmouth Station2.6 miles
- Berney Arms Station3.7 miles
- Haddiscoe Station4.9 miles
About Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
Notes
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