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Vacant Unit, Great Yarmouth

Call for price
44 Market Place, Great Yarmouth, NR30 1PA

Basic Facts

Status: Type: Tenure: Virtual freehold VAT applicable: No

Property Description

  • Virtual Freehold vacant unit in a town centre location
  • The property comprises an open plan retail area and office on the ground floor and further offices and stores over the mezzanine, first floor and basement
  • It has planning consent for A1 and A2 uses
  • The total area of 3,806 sq.ft. is made up as follows:
  • Ground floor banking hall / retail area: 1,038 sq ft
  • Ground floor offices: 387 sq ft
  • Basement stores: 1,195 sq ft
  • Mezzanine offices & stores: 345 sq ft
  • First floor officess & stores: 841 sq ft

Location Description

  • Great Yarmouth is one of the largest coastal towns in the UK and is the county town of Norfolk. The resident population is 32,670 people, while 83,389 live within a 6 mile radius and 205,622 live within 12 miles.
  • Tourism is the largest contributing sector and accounts for nearly 30% of the district’s employment. Additionally the town undertakes many port activities including the servicing of offshore oil rigs and those specialising in natural gas extraction.
  • The town is situated 11 miles north of Lowestoft, 19 miles east of Norwich, 54 miles north east of Ipswich and 133 miles north east of London.
  • Nearby major roads include the A149 with the A1243, A12, A143 and A47 running through and into parts of the town.
  • Norwich Airport is located 22 miles to the west via the A47.
  • The property stands over Market Place, a prime pitch within the town centre on the western side of the pedestrianised section of King Street.
  • Prime shopping in Great Yarmouth is focused on the pedestrianised sections of King Street and Market Place as well as the Market Gate Shopping Centre.
  • The centre is anchored by Debenhams and Wilkinson and was extended to 230,000 sq. ft. of retail space in 2008. Other nearby occupiers include Nationwide, Greggs, WH Smith, Marks & Spencer, Superdrug, River Island, HSBC, Lloyds and Barclays Bank.
  • There is also a market that occurs 6 days a week in Market Place which draws additional shoppers to the town centre.

Additional Notes

  • The property is held on a 900 year lease from 25th March 1859 at a peppercorn rent
  • We understand the property was let to Betfred from mid-2015 on a 15 year lease with 5 year breaks.

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