Commercial property for sale in North River Road, Great Yarmouth NR30

Unique riverside plot with 23 moorings including large residential plot, large commercial plot, 2 separate chalets and a workshop, situated in a fantastic location on the Norfolk Broads.

Everitt Marine Services, Great Yarmouth

A fantastic opportunity has arisen to purchase a unique riverside plot with 23 moorings in Great Yarmouth.

The land has been home to Everitt Marine Services for decades, however the freehold is now available which offers a number of different avenues to go down to build and develop a brand new business.

Due to Great Yarmouth being a popular tourist area, the new owner could look to operate private boat hire, guided day trips, increased short term and long-term holiday lets, educational trips with local schools etc. The land which the business sits on is spacious enough to accommodate additional units, so a cafe, office or a simple recreation area could be added to help drive any of the above.

Part of the site includes an attractive residential plot, with around 8000sq ft of space for a barge, houseboat, additional chalet or a mix of all of the above!

2 of the commercial moorings are rented out on an annual basis at £48pswft, equating to £1440 each per annum.

There is also the opportunity to purchase the existing business for £80,000, which includes goodwill, existing contracts currently generating £21,000 per year, 2 boats, fixtures, fittings and equipment. There would be an annual rent due of £24,000 per annum.

Property Description

Chalet 1: Chalet one sits on the commercial part of the property and is currently in the process of being renovated. Once completed, this will offer a spacious kitchen diner, two bedrooms and a bathroom. This could sleep 6 people and could be rented out as a holiday let for in excess of £500 per week in peak season.

Chalet 2: The second chalet is the other end of the plot and sits within the residential part of the property. This requires no work and also includes a spacious kitchen diner, with a sofa bed for additional guests, French doors with a small terrace area looking out on to the water, two bedrooms and a bathroom. This can also sleep up to 6 people and could be perfect accommodation for an owner/manager, used for recreational purposes or rented out on a monthly basis. All fixtures and fittings included in the photos are included in the sale price.

Residential Land: The residential land is approximately 8,000sq ft and around 160ft long and 20ft wide. This includes Chalet 2, with room to expand it or even add an additional chalet. The owners currently have their own house boat moored up on this part of the property, so this again could be utilised by the new owner as a residence, or could be changed to commercial usage and rented out as separate commercial moorings. There is also a small brick-built unit on the residential land which houses all of the electrical units. There is ample space on this land for additional units to be built, whether that would be a summer house or an office unit should the land be converted fully to commercial usage.

Workshop/Stores: Moving on the commercial part of the property, there is a brick-built workshop housing the majority of the business’s tools and equipment. All items within this unit are included in the sale price, and a full list can be provided once a sale has been agreed in principle. The workshop is mostly open plan, with a smaller area at the far end which acts as a chemical disposal area. Depending on the direction of the business, this can be kept as a workshop or even converted into more of an office building.

Commercial Land: The remainder of the land is mostly used for car parking and storage, however there is enough space for the workshop to be expanded, or an additional commercial unit to be built to help cater for whatever extra demands the business may
have.

Currently there is 7 residential moorings and 16 commercial moorings, and the land stretches over 600ft in length by 20ft in width. The site is only 25% occupied at the moment so this presents a great opportunity for increased revenue and potential to help grow the business very quickly.