Commercial Property in NR31 available for sale
2

Commercial Properties for Sale near NR31, Great Yarmouth

Find commerical property for sale in NR31 that meets your business or investment goals

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

83 Magdalen Way Way

Great Yarmouth, NR31 7AA

  • Retail for Sale
  • £275,000
  • 542 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 12 years from 29th September 2023 at a current rent of £9,100 per annum and the lease contains full repairing and insuring covenants. Deposit held of £3,600. The residential flat is at present let on AST to an Individual for a term of 12 months from 13th June 2023 at a current rent of £7,800 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

Property Subtype:

Shopfront Retail / Residential

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
  • £1,650,000
  • 14,975 sq ft
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Commercial Properties for Sale Within 5 miles of the NR31, Great Yarmouth

More details for 6 St Peters Rd, Great Yarmouth - Retail for Sale

6 St Peters Rd

Great Yarmouth, NR30 3AY

  • Retail for Sale
  • £250,000
  • 2,483 sq ft
  • 1 Unit Available
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More details for 40-42 Market Pl, Great Yarmouth - Office for Sale

40-42 Market Pl

Great Yarmouth, NR30 1LX

  • Office for Sale
  • £1,250,000
  • 15,362 sq ft
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FAQs About Commercial Property For Sale in NR31

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How many commercial properties are currently available for sale in NR31?
There are currently 2 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in NR31?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

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

You searched for commercial property for sale in NR31. Explore 2 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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