Property description

FOR SALE BY PUBLIC AUCTION at GREAT YARMOUTH RACECOURSE on 24th NOVEMBER 2016 at 12 noon UNLESS PREVIOUSLY SOLD

Valuable frontage to the Promenade, with  Ice Cream Confectionary Kiosk and terrace.

We offer this substantial three storey property with basement , and return frontage to the Esplanade with car park.

The property is well known as a café with fish and chip business. The basement is used for preparation and storage and the upstairs floors for accommodation

The property is being sold as seen. The equipment is not in the ownership of the vendor.

Lowestoft and the East Coast Town has enjoyed an exceptional season this year. The property needs modernisation. 

Ground Floor

Restaurant
Access from steps from the Promenade and Esplanade through bay doors. Space for 40 - 50 covers (currently 32).

Servery

Kitchen

Separate Entrance to Living Accommodation

Small Prep. Kitchen

Access to Basement

Access to floor above

Basement
Hall - external accessRoom 1Room 2Storage AreasCustomer Toilets for Ladies and Gentlemen

First Floor
LandingKitchenLoungeBedroomBathroom

Second Floor
Landing4 rooms

Outside
Fronting the promenade beach and sea - terrace with walk in ice-cream kiosk selling confectionary and fancy goods.Front the Esplanade - car park and outbuildings.

Whole Site Area - 0.2 acre or 0.008 km

Tenure
Freehold

Council Tax Band \‘B\‘ for the flat

Business Rates
2010 Rateable value is £11,750The amount payable the £ for 2015/16 is 48p for Properties less than £18,000.Small business rate relief - You can get small business rate relief if you only use one property and your property\‘s rateable value is less than £12,000. You would be advised to contact Waveney District Council for information.

Possession
Vacant possession on completion - buyers must expect equipment and furniture to remain although not part of the sale.

Solicitor
Nicholsons23 Alexandra RoadLowestoftSuffolkNR32 1PPFor the attention of Mr Mark NicholsonEmail : mnicholson@nicholsonslaw.comTel: 01502 532300

Price Information
Guides are provided as an indication of each seller\‘s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Property Features :

• Frontage to the Promenade
• Ice Cream Confectionary Kiosk
• Terrace
• Car Park
• A3 & A5 Use