Paul Hubbard Commercial are proud to present this modern, high spec and well-located commercial unit on Mill Road in Great Yarmouth..
The unit is part of a larger residential development which was built in 2019, so all fixtures and fittings are very modern and will require very little upkeep. The unit is perfect for a variety of uses especially for a first time business owner looking to grow, such as a Café, Estate Agency, Employment Agency, Solicitors, Online Business etc. There is currently 123 years remaining on the lease.
As well as the modern office unit, there is also a large storage unit/lock-up to the rear of the property which is included. This is a 500sq ft space with an electric garage door and separate entrance, perfect for parking your vehicle or keeping stock/equipment to help run your business.
Location wise, the unit is based on Mill Road, which is just off Bridge Road. This is one of the main roads leading into Great Yarmouth town centre, so it provides a good amount of footfall and passing traffic to help get your brand and business noticed. It’s roughly a 5-10 minute walk into the town centre and around a 20 minute walk to the beach. Great Yarmouth train station and various bus stops are very close by as well.
There is currently a tenant in situ and their lease is due to come to an end in February 2024. They are paying an annual rent of £7200 + VAT.
Hallway – 4.82m x 1.05m
Upon entering the property via a modern keypad entry system, there is a spacious hallway with doors leading to the WC, Kitchen and Office area. The flooring is wood effect and the hallway is also fitted with spotlights, smoke alarm, fire alarm and radiator.
WC – 2.41m x 1.69m
The WC has stylish tiled flooring and tiled walls, spotlights, white ceramic toilet with white ceramic pedestal hand wash basin, a water heating system and paper towel dispenser.
Kitchen – 3.14m x 2.41m
The kitchen is fitted with beautiful and modern fixtures and equipment and has wood effect flooring, splashback tiles, spotlights, a radiator, soft close cupboards above and beneath a sleek laminate work surface, a large stainless steel sink with water heater, a built-in Lamona cooker and space for more white goods such as a fridge, freezer, dishwasher or washing machine.
Office/Retail Area – 5.06m x 4.59m
Large floor to ceiling windows to the front of the property with a UPVC double glazed door as entrance, spacious open plan office with wood effect flooring, multiple plus sockets and internet ports, spotlights through with stylish black and white design on the walls.
Storage Unit/Lock-up – 7.82m x 5.94m
To the rear of the property is a separate lock-up/storage area which is included. There is an electric roller door and a separate, UPVC double glazed door for entry. The garage is roughly 500sq ft and would be perfect for keeping stock, or simply parking
Investment Summary:
• Modern and beautifully fitted adaptable commercial unit with tenant in situ until February 2023. 123 years remaining on the leasehold.
• Spacious office/retail area with additional garage/storage available, offering additional income source for investors.
• Located just a few minutes from Great Yarmouth town centre, train station and seafront.
• Property built in 2019 so all fixtures, fittings and equipment will require minimal upkeep and maintenance.
• Tenant in situ until February 2024.
• Office currently rented at £600pcm + VAT.
• Storage unit could generate additional £100 – £150 + VAT per month.
• Potential yield at asking price of 9.47%.
• £0 business rates.
• £0 service charge.
