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£1,250,000

40-42 Market Place, Great Yarmouth, Norfolk, NR30 1LX

Key Features

  • Town centre location (100% prime)
  • Ground floor let to Barclays Bank Plc
  • Let until February 2029
  • Tenant in occupation since 2014
  • Producing £125,000 per annum
  • Total floor area 1,428 sq m (15,362 sq ft) over three floors
  • Upper floors with permitted development (8 apartments)
  • Car parking to the rear (6 spaces) producing additional income

Description

PRIME SITUATED FREEHOLD INVESTMENT AND DEVELOPMENT OPPORTUNITY - The ground floor comprises a large and well-proportioned banking hall with wide and prominent frontage to Market Place. A separate ground floor entrance from the front of the building provides access to the self-contained former offices above.
General Permitted Development has been granted for the conversion of the first and second floors to provide eight no. residential apartments. Previously occupied as part open plan and part cellular offices, the upper floors are accessed from both the front of the building (Market Place) and rear. Windows are to the east, south and west elevations.
Architect's plans provide for eight apartments. The front three on each of the first and second floors are accessed from Market Place and comprise; entrance lobby, lounge/kitchen, bedroom and bathroom. The other two apartments are accessed from the rear and situated on the first floor. One is a two bedroom apartment and the other three bedrooms (one ensuite). Four apartments are shown as benefiting from patio gardens by removal of the mid section of the first floor.
The car parking area (6 spaces) to the rear is accessed from the town's 170 space car park adjoining.

Map Location

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-07-17

Utilities & Restrictions

Utilities

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Water
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Broadband
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Property Features

Accessibility
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Parking
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Garden
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Contact East Surveyors Limited, East Commercial

First Floor, 21 Hall Quay, Great Yarmouth, Norfolk NR30 1HN

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