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6 St Peters Rd 2,483 sq ft Retail Unit Offered at £400,000 in Great Yarmouth NR30 3AY
INVESTMENT HIGHLIGHTS
- Prime trading position
- Store fronts a well frequented main road
- Situated in the heart of local community
EXECUTIVE SUMMARY
The One Stop store enjoys a prime trading position in the heart of a residential housing area in Great Yarmouth, Norfolk. Situated on St. Peters Road itself, the store fronts a well frequented main road and serves the surrounding community with ease. This purpose-built retail unit sits within a local shopping parade, ensuring strong accessibility for both local residents and passing trade. The store is primarily accessed via the A12, which connects Great Yarmouth to Lowestoft in the south and Norwich to the northwest.
PROPERTY FACTS
| Total Property Size | 3,483 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 797 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1961 |
| Costar Property Class | C | Total Plot Size | 0.05 ac |
| Total Property Size | 3,483 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 797 sq ft |
| Year Built | 1961 |
| Total Plot Size | 0.05 ac |
AMENITIES
- Corner Lot
- Storage Space
1 UNIT AVAILABLE
Unit 1
| Unit Size | 2,483 sq ft | Unit Use | Retail |
| Price | £400,000 | Sale Type | Investment |
| Price Per sq ft | £161.10 | Tenure | Freehold |
| Unit Size | 2,483 sq ft |
| Price | £400,000 |
| Price Per sq ft | £161.10 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The convenience store has a mainly open plan sales area of approximately 1,593 sq./ft (148 sq/m) with chiller aisles lining the perimeter of the store. The shop is fitted and equipped for the sale of convenience goods, chilled and frozen products, a full off license, confectionary, cigarettes, newspapers, magazines, stationary, local products and pharmacy and medical products. The main sales till is located at the front of the store with additional storage space to the rear. There is also a communal staff area, office space and W/C occupying the ancillary areas.
SALE NOTES
A rare opportunity to acquire this well-established store which is ideally positioned within the heart of a residential housing estate and benefits from high levels of passing foot traffic. The premises which will be included within the lease agreement occupies this commercial unit only, and is considered a “lock-up” opportunity, with NO residential dwelling included. The business has become very popular and is heavily relied upon by nearby residents and those using the nearby amenities.
The annual passing rent is £12,000. This profitable store which was previously a McColl’s shop, has recently been re-fitted and branded with the symbol group, One Stop. We are advised there is 4-years remaining of a 5-year supply agreement.
NEARBY MAJOR RETAILERS
Presented by
6 St Peters Rd
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