Commercial Property in NR31 available for sale
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Commercial Properties for Sale in the NR31, Great Yarmouth

Explore the Latest NR31 Commercial Property for Sale

More details for 83 Magdalen Way Way, Great Yarmouth - Retail for Sale

83 Magdalen Way Way

Great Yarmouth, NR31 7AA

  • Retail for Sale
  • £355,000
  • 1,626 sq ft

Great Yarmouth Retail for Sale - Gorleston-on-Sea

Investment Consideration: VAT is NOT applicable to this property Comprises ground floor retail shop and a 3-bed flat at first/second floor Property benefits from rear service yard and parking for 2 cars Nearby occupiers include Morrisons, Coral, Post Office and Lloyds Pharmacy. Property Description: Mid-terrace building comprising retail shop at ground floor and 3-bedroom flat at first/second floor. The property benefits from rear service yard with 2 parking spaces and provides the following accommodation and dimensions: Ground Floor Shop: 74 sq m (796 sq ft) Open plan retail, Storage, Kitchenette, WC First/Second Floor Flat: 77 sq m (830 sq ft) 3 Bedrooms, Living Room, Kitchen, Bathroom/WC Total GIA: 151 sq m (1,626 sq ft) Tenancy: The retail shop is at present let to an Individual* for a term of 10 years from 29th September 2015 at a current rent of £7,900 per annum and the lease contains full repairing and insuring covenants. Deposit held of £3,600. *Note – Lease assignment from 31 August 2016. The residential flat is at present let on AST to an Individual for a term of 12 months from 29th July 2022 at a current rent of £7,500 per annum. Location: Gorleston-on-Sea, known colloquially as Gorleston, is a town in the Borough of Great Yarmouth, in Norfolk, England. The town lies approx. 3 miles south of Great Yarmouth and benefits from good road links via the A12. The property is located close to the junction with Stuart Close within an established retail parade, with occupiers nearby including Morrisons`s Daily, Coral, Post Office, Lloyds Pharmacy and Barnardo’s, amongst others.

Contact:

Blue Alpine Partners Ltd

Date on Market:

21/09/2022

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More details for Gapton Hall Rd, Great Yarmouth - Light Industrial for Sale

Enterprise Court - Gapton Hall Rd

Great Yarmouth, NR31 0ND

  • Light Industrial for Sale
  • £1,950,000
  • 14,975 sq ft
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More details for 1 Crittens Rd, Great Yarmouth - Land for Sale

1 Crittens Rd

Great Yarmouth, NR31 0AG

  • Land for Sale
  • £495,000
  • 1.59 ac Plot
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FAQs about Commercial Properties For Sale in NR31

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How many Commercial Property listings are available for sale in NR31?
There are currently 6 Commercial Properties available for sale near NR31. These NR31 Commercial Property listings have an average size of. The largest available listing in NR31 is. The thriving commercial centre and excellent transport links in NR31 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in NR31?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in NR31 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in NR31?
There is a diverse range of commercial properties available in NR31 to suit various business needs. NR31 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 6 NR31 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the NR31, Great Yarmouth

You searched for commercial property for sale in NR31. Explore 6 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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