31 Market Place Great Yarmouth Norfolk NR30 1LX

  • 31 Market Place<br>Great Yarmouth<br>Norfolk<br>NR30 1LX

31 Market Place
Great Yarmouth
Norfolk
NR30 1LX

Prime Freehold Retail Investment

  • Let to Holland & Barrett Retail Limited
  • 2018 tenant break option not exercised
  • Diagonally opposite Market Gates Shopping Centre with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks
  • Other nearby occupiers include WHSmith, Greggs and Edinburgh Woollen Mill
  • VAT-free Investment
  • Lot
    20
  • Auction
    11th July 2018
  • Rent
    £52,000 per Annum
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Prime Freehold Retail Investment

  • Let to Holland & Barrett Retail Limited
  • 2018 tenant break option not exercised
  • Diagonally opposite Market Gates Shopping Centre with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks
  • Other nearby occupiers include WHSmith, Greggs and Edinburgh Woollen Mill
  • VAT-free Investment
  • Lot 20
  • Auction 11th July 2018
  • Rent £52,000 per Annum
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

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

The property is situated in a fine trading location fronting the pedestrianised Market Place and Market Row, in the heart of Great Yarmouth town centre. Market Gates Shopping Centre is diagonally opposite, with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks. Other nearby occupiers include WHSmith, Greggs, Edinburgh Woollen Mill and branches of Santander, Barclays and Halifax banks.

Tenure

Freehold.

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

The property is situated in a fine trading location fronting the pedestrianised Market Place and Market Row, in the heart of Great Yarmouth town centre. Market Gates Shopping Centre is diagonally opposite, with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks. Other nearby occupiers include WHSmith, Greggs, Edinburgh Woollen Mill and branches of Santander, Barclays and Halifax banks.

Tenure

Freehold.

Description

The property comprises a ground floor shop, with ancillary accommodation on the first, second and third floors.

VAT

VAT is not 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

The property comprises a ground floor shop, with ancillary accommodation on the first, second and third floors.

VAT

VAT is not 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
Ground
Basement
First
Second
Third		 Retail/Ancillary
Ancillary (not used)
Retail/Ancillary
Ancillary
Ancillary
108.88 sq m
-
65.22 sq m
81.01 sq m
70.70 sq m
(1,172 sq ft)
(-)
(702 sq ft)
(872 sq ft)
(761 sq ft)
 HOLLAND &
BARRETT
RETAIL LIMITED
(1)		 20 years from
29/09/2002 until
28/09/2022 on a full
repairing and
insuring lease		 £52,000
Total
325.81 sq m
 (3,507 sq ft)     £52,000

(1) For the year ending 30th September 2017, Holland & Barrett Retail Limited reported a turnover of £461,408,000, pre-tax profits of £81,776,000 and a total net worth of £244,129,000 (Source: Experian Group 12/06/2018).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?