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No longer on the market

This property is no longer on the market

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Mixed use

Auction
Sold STC
Mixed use
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Great mixed use investment opportunity
  • Formerly a popular cafe
  • Industrial Quay in Gt Yarmouth
  • Potential to convert to two flats (STPP)
  • Full refurbishment required
  • Guide price: £60,000 - £80,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am, Wednesday 12th February 2025

SOLD AT AUCTION - £72,000

Formerly Ivy's Cafe this mixed use property is now in need of full refurbishment and is located on the industrial side of the North Quay

The premises were formerly ran for many years as Ivy's Cafe and had support of local trade. The property has accommodation above and is in need of full refurbishment but offers possibilities subject to necessary planning to be converted into two flats above. There is an enclosed courtyard outside which could provide parking or storage area. Located off North Quay and near the newly built Herring bridge on the south side of Great Yarmouth.

Ground Floor (Ivy's Cafe) Two restaurant seating rooms serving desk, kitchen, staff room bathroom, rear hall with stairs to first floor, access to rear courtyard
First Floor Five rooms (two interconnect), sitting room, shower room, kitchen, two staircases to ground floor
Outside Enclosed courtyard with outside w.c.
Council Tax Band A
Business Rates According to the Valuation Office website the premises has a current rateable value of £5,100 with effect from 1 April 2023.
Viewings Viewings are being held strictly by appointment only. There are opportunities to view on Monday 10th February

Please contact the Norwich Office to book your appointment time

Tenure: Freehold

EPC Rating: Please refer to Legal Pack

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: £960 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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