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Lot 3 Click here for addendum

6 Week Completion

Situation

Located in the main retail thoroughfare of the town centre, adjacent to McColl's, opposite Boot's Pharmacy and Iceland and amongst such multiples as Barclays, Superdrug, Costa, Greggs, Peacocks, KFC and a host of local traders.
Gorleston lies approx. 3 miles south of Great Yarmouth and benefits from good road links via the A47.

Property

A semi-detached building comprising a Ground Floor Café with separate rear access via a side alleyway from the front of the property to a Self-Contained Flat at first floor level.

Accommodation

Ground Floor Café (50 covers)
Gross Frontage 16'2”
Internal Width 15'0”
Shop Depth 32'1”
Built Depth 55'1”
WC
First Floor Flat
1 Bedroom, Living Room, Kitchen, Bathroom/WC
(GIA Approx. 500 sq ft)

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to C. Kaya and B. Torbas as a Café for a term of 15 years from 15th June 2011 at a current rent of £12,000 per annum exclusive.

Rent Review 2021

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

121 High Street, Gorleston, Great Yarmouth, Norfolk NR31 6RE