Restaurant for sale

56 Marine Parade, Great Yarmouth, Norfolk NR30


Guide price
£275,000
S.O.A.

Features

  • Freehold

Description

For sale by auction on Wednesday, 09 Feb 2022 at 11:00

Venue: Livestream Auction

Substantial freehold 5 storey building in prime seafront position with bar, restaurant and 12 bedrooms

Having been in the same family for many years this substantial hotel, bar and restaurant is now vacant and ready for a new lease of life. The building which is almost opposite the Britannia Pier is on Great Yarmouths popular sea front close to a wide range of tourist attractions, restaurants and a few steps from the beach and main shopping streets.

The property comprises of over 5,250 square feet of accommodation including a lower ground floor bar/restaurant, a ground floor restaurant with main kitchen and food preparation areas. On the three upper floors there is a managers flat, 11 bedrooms and various toilets and bathroom facilities. The upper floors of the property could potentially provide suitable space for conversion to flats subject to obtaining appropriate planning permission.

This valuable freehold opportunity could provide excellent investment income or a thriving business for an owner occupier.

Lower Ground Floor
External staircase down to lobby, main bar/restaurant area, kitchen, store, internal staircases to Ground Floor

Ground Floor
Main restaurant, kitchen, prep room, customer toilets, rear open store, boiler room, staff toilet courtyard area

First Floor
Landing, managers flat, 3 bedrooms, customer toilets

Second Floor
Lading, 3 bedrooms, bathroom, separate w.c.

Third Floor
Landing, 5 bedrooms. Bathroom, separate w.c.

EPC Rating: F

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Categories

Restaurants
Property reference
CP_8F8DED5C41_591