34 Market Place Great Yarmouth Norfolk NR30 1LX

34 Market Place
Great Yarmouth
Norfolk
NR30 1LX

Freehold Retail Investment

Let to Yours Clothing Limited
Prominent position on the pedestrianised Market Place
Opposite Market Gate Shopping Centre
Nearby occupiers include Boots, Holland & Barrett, WH Smith and Santander

Lot
60
Auction
13th July 2017
Rent
£39,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

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Freehold Retail Investment

Let to Yours Clothing Limited
Prominent position on the pedestrianised Market Place
Opposite Market Gate Shopping Centre
Nearby occupiers include Boots, Holland & Barrett, WH Smith and Santander

Lot 60
Auction 13th July 2017
Rent £39,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Trustees

Property Information

Location

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

Situation

The property occupys a prominent position on the western side of the pedestrianised Market Place. Market Place is a historic and bustling market street, which hosts its famous markets twice a week. Opposite the property is the Market Gate Shopping Centre, which houses occupiers including Boots, Wilko, Card Factory and JD Sports. Other nearby occupiers include Holland & Barrett, WH Smith and Santander.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property comprises a Grade II Listed four storey building currently arranged to provide a ground floor retail unit with basement, first and second floor ancillary accommodation. The basement is accessed via a hatch

VAT

VAT is 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

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second Basement	Retail Ancillary Ancillary Ancillary	176.23 sq m 132.38 sq m 118.54 sq m Not measured	(1,897 sq ft) (1,425 sq ft) (1,276 sq ft)	YOURS CLOTHING LIMITED (1)	20 years from 25/03/1999	£39,500	25/03/2019
Total		427.15 sq m	(4,598 sq ft)			£39,500

(1) For the year ending 31st June 2016, Yours Clothing Limited reported a turnover of £65,687,523, pre-tax profits of £1,872,914 and a total net worth of £6,225,683 (Source: Experian Group 14/06/2017). Yours Clothing have over 70 stores across the UK, as well as stores in the Middle East (Source: yoursclothing.co.uk 20/06/2017)