Large unit comprises ofgroundfloorretail accommodation, 1st & 2ndfloorancillary accommodation anda basement plant room, total area 11,209 sq ft.
Theproperty benefitsfrom rearaccess and includes a Post Office counter.
Location Description
Great Yarmouth is a popular Norfolk coastal town that benefits from a significant seasonal increase in demographic due to holidaying familys and day visitors.
The property is prominently situated fronting the pedestrianised King Street, in the heart of Great Yarmouth town centre.
Market Gates Shopping Centre is located approximately 50 metres away, with retailers including Boots the Chemist, JD Sports, Wilko, Superdrug and Starbucks.
Other nearby occupiers include Holland & Barrett, Greggs, River Island and branches of Santander, Barclays and Halifax banks.
Additional Notes
Let to WH Smith Retail Holdings Ltd for 10 years (no breaks) from March 2012 for £80,000 p.a.
For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 18/06/2018).
The tenant has indicated that they would like to enter into negotiations for a new lease. Rent rebased from £95,000 in 2012