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40-42 Market Pl

15,362 SF 100% Leased Office Building Great Yarmouth NR30 1LX £1,250,000 (£81/SF)

Investment Highlights

  • Prime Retail Location
  • High Footfall
  • Close to Town Centre

Executive Summary

The ground floor comprises a large and well-proportioned banking hall with wide and prominent frontage to Market Place. A separate ground floor entrance from the front of the building provides access to the self-contained former offices above.
General Permitted Development has been granted for the conversion of the first and second floors to provide eight no. residential apartments. Previously occupied as part open plan and part cellular offices, the upper floors are accessed from both the front of the building (Market Place) and rear. Windows are to the east, south and west elevations.
Architect's plans provide for eight apartments. The front three on each of the first and second floors are accessed from Market Place and comprise; entrance lobby, lounge/kitchen, bedroom and bathroom. The other two apartments are accessed from the rear and situated on the first floor. One is a two bedroom apartment and the other three bedrooms (one ensuite). Four apartments are shown as benefiting from patio gardens by removal of the mid section of the first floor.
The car parking area (6 spaces) to the rear is accessed from the town's 170 space car park adjoining.

Property Facts

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Tenure
Freehold
Building Size
15,362 SF
Building Class
B
Year Built
1974
Price
£1,250,000
Price Per SF
£81
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
6,844 SF

Amenities

  • Signage
  • Listing ID: 34379115

  • Date on Market: 06/01/2025

  • Last Updated:

  • Address: 40-42 Market Pl, Great Yarmouth NR30 1LX

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