10 Southtown Road, Great Yarmouth.
A fantastic commercial investment opportunity has arisen on Southtown Road in Great Yarmouth with this mixed use property, comprising of a small retail unit and a 2 bedroom flat.
Both units are currently tenanted and are generating a monthly revenue of £825, representing a healthy yield of 7.62% at the current asking price.
The retail unit is currently operating as a successful barbers, and the tenant has recently signed a long term lease. It includes a well-decorated and modern looking retail/salon area, a small kitchen/store room and a WC to the rear of the property. There is also rear access from the courtyard at the back of the property.
The flat is currently tenanted and has been since late 2019 and is paying a monthly rent of £625, so the new owner of the property will be making a great return on their investment from day one. The flat comprises of a ground floor kitchen and WC, with a staircase leading to the first floor which includes 2 bedrooms, a double and a single, a bathroom and a large lounge/living room.
The property is located on Southtown Road in Great Yarmouth which is a short distance from the town centre, and a 5 minute drive from the seafront. There are multiple businesses and amenities in the immediate area so it’s a busy part of town, which is beneficial to the tenants of the commercial unit as there is plenty of opportunities to capitalise on the passing footfall and traffic.
UPVC double glazed door and floor-to-ceiling window to front aspect, wooden flooring panels, large seating area and door to kitchen area.
Wooden panel flooring, wooden kitchen counter with multiple storage units beneath, stainless steel sink with drainer, doors leading to Retail Room, WC and Rear Courtyard.
Wood flooring, white ceramic hand wash basin with stainless steel taps, white ceramic toilet, wall mounted mirror.
UPVC double glazed door and window to side aspect, electric storage heater, part tiled walls, tiled flooring, laminate work surfaces with storage space above and beneath, built in electric oven and hob, stainless steel sink and drainer, doors to WC and hallway.
Tiled flooring, tiled walls, white ceramic hand wash basin with stainless steel taps, white ceramic toilet, UPVC double glazed window to side aspect.
Tiled flooring, under-stairs storage cupboard, carpeted stairs leading to 1st floor landing.
Carpet flooring, doors leading to Bedroom 1, Bathroom, Bedroom 2 and Living Room.
Carpet flooring, electric storage heater, UPVC double glazed window to side aspect.
Bath tub with electric shower above, tiled flooring, tiled walls, white ceramic hand wash basin, white ceramic toilet, UPVC double glazed window to side aspect and extractor fan.
UPVC double glazed window to rear aspect, carpet flooring and electric storage heater.
UPVC double glazed window to front aspect, carpet flooring and electric storage heater.
To the front of the property is a small wooden decking area just off the pavement. The property is located on a busy road leading into Great Yarmouth town centre. To the rear of the property is a courtyard area which is used for loading and unloading only.