76 Regent Road Great Yarmouth Norfolk NR30 2AJ

  • 76 Regent Road<br>Great Yarmouth<br>Norfolk<br>NR30 2AJ

76 Regent Road
Great Yarmouth
Norfolk
NR30 2AJ

Freehold Retail and Residential Investment

  • Ground floor retail let until 2027 (no breaks)
  • Three residential flats let on ASTs
  • Pedestrianised thoroughfare from Great Yarmouth's Beach & Pier
  • Lot
    27
  • Auction
    13th July 2017
  • Rent
    £23,032 per Annum Exclusive
  • Status
    Sold
  • Price
    £200,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
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Freehold Retail and Residential Investment

  • Ground floor retail let until 2027 (no breaks)
  • Three residential flats let on ASTs
  • Pedestrianised thoroughfare from Great Yarmouth's Beach & Pier
  • Lot 27
  • Auction 13th July 2017
  • Rent £23,032 per Annum Exclusive
  • Status Sold
  • Price £200,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

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

The property is situated on the pedestrianised Regent Street, a busy thoroughfare between Great Yarmouth Britannia Pier and the prime retailing pitch. Nearby occupiers include a mix of national and local occupiers, as well as a number of hotels and hostels.

Tenure

Freehold.

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

The property is situated on the pedestrianised Regent Street, a busy thoroughfare between Great Yarmouth Britannia Pier and the prime retailing pitch. Nearby occupiers include a mix of national and local occupiers, as well as a number of hotels and hostels.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit currently used as a hot food takeaway. The first and second floors comprise 2 x one bedroom flats and 1 x two bedroom flat accessed from the rear of the property.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Description

The property comprises a ground floor retail unit currently used as a hot food takeaway. The first and second floors comprise 2 x one bedroom flats and 1 x two bedroom flat accessed from the rear of the property.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
76 Ground Retail
97.64 sq m
(1,051 sq ft)
INDIVIDUAL
t/a Istanbul
Kebab House
21 years from
04/04/2006 until
03/04/2027
£10,000 24/06/2015 (1)
and three yearly
76a First Residential
1 Bedroom Flat
INDIVIDUAL Monthly rolling AST
from 27/08/2013
£4,392  
76b First Residential
1 Bedroom Flat
INDIVIDUAL AST for a term of
3 years from
31/03/2015
£3,900 (30/03/2018)
76c Second Residential
2 Bedroom Flat
INDIVIDUAL Monthly rolling AST
from 03/01/2011
£4,740  
Total Commercial Area  
97.64 sq m
(1,051 sq ft)
    £23,032  

(1) The rent review is outstanding.

Contacts

Seller's Solicitors
Eversheds Sutherland 1 Callaghan Square
Cardiff
CF10 5BT
Angharad-Elin Trigg 02920 477 139AngharadTriggs@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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