Hotel/guest house for sale in Wellesley Road, Great Yarmouth NR30

Former B&B close to the beach! Spacious investment property in Great Yarmouth, Norfolk.

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

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