7 bed detached house for sale

South Beach Parade, Great Yarmouth NR30

Summary
Mixed-use seafront investment with established B&B income of circa £30,000 per annum plus three residential flats generating approximately £26,400 per annum, offering strong returns and future potential. Storage Space with income of £4800pa

description
The Business
The property currently operates as a successful Bed & Breakfast business, generating approximately £30,000 per annum, whilst also benefiting from strong residential rental income. The accommodation includes two one-bedroom flats and one two-bedroom flat, currently producing approximately £2,200 per calendar month.
This combination of established hospitality income and residential lettings provides a diversified and attractive revenue stream for investors, developers, or owner-operators seeking a substantial mixed-use asset in a prominent coastal location.
The Property
This impressive two-storey property occupies a highly visible seafront position and offers extensive accommodation and trading areas. The ground floor includes a large open-plan bar/lounge with dance floor and stage, together with a separate restaurant area enjoying sea views and seating for approximately 28 covers.
Additional facilities include storage rooms, utility areas, ladies' and gentlemen's WCs, cellarage, patio seating, a substantial courtyard with potential parking provision, and private yard areas with garage storage. Storage Space with income of £4800pa
The residential element comprises:

Owner's/Manager's accommodation.
Two self-contained one-bedroom flats.
One self-contained two-bedroom flat.

The flats are currently let and generate a combined rental income of approximately £26,400 per annum (£2,200 pcm).
Location
The property enjoys a prominent seafront position in Great Yarmouth

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.