Hotel for sale
Property description & features
Full Description - A unique opportunity to purchase a spacious investment property in Great Yarmouth, Norfolk.
Located on Wellesley Road, the property was formerly a B&B and has been gutted ready for renovation. Due to other projects, the current owner has decided to put the property on the market and pass the opportunity on to someone else.
Just a stones through from a highly popular beach and close to many local amenities, the property is ideal for a renovation back to its former glory as a popular B&B.
The layout also lends itself perfectly to a residential conversion to 3 flats, or a large family home.
The property is spread across 3 floors and also has a spacious attic for storage, a lean to/courtyard area to the rear and UPVC double glazed windows throughout.
This is the perfect project for investors and developers as it has been stripped back to its original features and is ready to start work on from day one.
If converted into flats or apartments, we would expect each unit to be marketed for £125,000 + or a rental value of £650 - £700 each per calendar month.
The area is a popular tourist destination and has many successful hotels and guest houses in the area, so high occupancy rates throughout peak periods would be expected and presents a fantastic business opportunity for someone looking to get started in the leisure and hospitality industry.
PROPERTY DIMENSIONS:
BASEMENT
ROOM 1 - 15"2 x 14"2 (4.63M x 4.31M)
ROOM 2 - 13"5 x 11"10 (4.10M x 3.60M)
ROOM 3 - 11"9 x 11"6 (3.59M x 3.50M)
ROOM 4 - 11"6 x 9"10 (3.50M x 3.00M)
HALLWAY - 1.80M x 8.09M
GROUND FLOOR
ROOM 5 - 17"2 x 14"9 (5.23M x 4.50M)
ROOM 6 - 13"1 x 12"6 (4.00M x 3.80M)
ROOM 7 - 11"10 x 11"2 (3.60M x 3.40M)
ROOM 8 - 11"2 x 10.6 (3.40M x 3.20M)
WC - 7"2 x 2"11 (2.19M x 0.89M)
HALLWAY - 1.55M x 8.40M
FIRST FLOOR
ROOM 9 - 18"11 x 15"3 (5.78M x 4.64M)
ROOM 10 - 14"5 x 13"5 (4.39M x 4.08M)
ROOM 11 - 11"7 x 11"1 (3.53M x 3.39M)
ROOM 12 - 11"7 x 10"6 (3.53M x 3.20M)
LANDING - 1.70M x 4.39M
For more information on this property or to arrange a viewing, please contact Jack Taylor at Paul Hubbard Commercial.
Location - This property is located in the popular town of Great Yarmouth, the UK's third most desired seaside destination with over 15 miles of sandy beaches and also adjoining to the highly sought-after Norfolk Broads. The town benefits from a wide range of local amenities and great leisure facilities including schooling, supermarkets, shopping centre, pubs, restaurants, bars, cinema, swimming pool and theme parks. The town has its own train and stations with fantastic transport links into the Cathedral City of Norwich (approx. 30 min drive).
Parking Notes - Permit parking
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 31811873. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Hubbard Estate Agents - Lowestoft.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 13, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.