Lot 87 Mixed Use Commercial/residential Building In The Town CentreAuction Date:
12th June 2025
3 & 4 Market Place, Great Yarmouth, Norfolk, NR30 1NB
Currently let at £16,200 per annum
This established three storey building is situated at the northern end of the town centre of the historic maritime Norfolk coastal town of Great Yarmouth. To the east is the beach and seafront and to the west is the River Yare and quayside, within close proximity is Sainsbury’s supermarket and Great Yarmouth railway station, as well as vehicle access to the A47.
The mixed use property currently comprises ground floor commercial premises with electric shutter doors and was previously let to Ladbrokes. The property is now in need of improvement and refurbishment. The first and second floors comprise two self-contained two bedroom flats which are both tenanted.
Ground Floor
Main sales area, staff room/kitchen/office, rear storage and cloakroom with W.C.
Outside
Yard to rear with brick outbuilding. To the front is the entry way and access to the flats above.
EPC Rating
To be confirmed.
First Floor
Flat 1
Reception hallway, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement for a period of 12 months at a current rental of £675 per calendar month.
EPC Rating D
Council Tax Band A
Second Floor
Flat 2
Reception hallway, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement for a period of 12 months at a current rental of £675 per calendar month.
EPC Rating
To be confirmed.
Council Tax Band A
Local Planning Authority
Great Yarmouth Borough Council. Tel: 01493 856100. Website: great-yarmouth.gov.uk
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to internally inspect the property. Interested applicants should rely on their own investigations to verify the information provided.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
