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£1,250,000

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

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

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Listed status, conservation areas and planning constraints for this location are in the full report.

Property Features

Accessibility
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Parking
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Garden
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Beyond the particulars: planning activity, flood history, heritage and ground risks, checked for this exact spot.

Connectivity

Broadband

Fastest speed available at this postcode

1.8 Gbps

Gigabit full fibre · available to 67% of premises

Suitable for

  • 4K streaming on every screen
  • Full-time home working
  • Online gaming & big downloads

Mobile signal

CallsDataEE Good GoodO2 Good GoodThree Good GoodVodafone Good Good

Outdoor predictions; indoor signal depends on building materials.

Ofcom Connected Nations postcode-level predictions. Speeds and signal are modelled, not measured, and vary between addresses and providers.

Signal is the easy part. Planning activity, flood history and protected designations here are in the full report.

Nearest Schools

Primary

  • St Nicholas Priory CofE VA Primary School and Nursery349 metresNo Ofsted rating
    Ages
    3 to 11
    Pupils
    418
    Type
    Voluntary aided school
    Faith
    Church of England
  • St. George's Primary School & St. George's Nursery School, Great Yarmouth762 metresNo Ofsted rating
    Ages
    3 to 11
    Pupils
    201
    Type
    Community school
  • Cobholm Primary Academy851 metresOfsted report card · Feb 2026
    Ages
    3 to 11
    Pupils
    189
    Type
    Academy sponsor led
  • Southtown Primary School926 metresOfsted report card · Apr 2026
    Ages
    4 to 11
    Pupils
    183
    Type
    Academy converter
  • Edward Worlledge Ormiston Academy0.7 milesOfsted: Good
    Ages
    4 to 11
    Pupils
    238
    Type
    Academy sponsor led

Secondary

  • Great Yarmouth Charter Academy0.9 milesNo Ofsted rating
    Ages
    11 to 16
    Pupils
    882
    Type
    Free schools
    Faith
    Christian
  • Lynn Grove Academy1.8 milesOfsted: Good
    Ages
    11 to 16
    Pupils
    1,113
    Type
    Academy converter
    Faith
    Christian
  • Ormiston Venture Academy2.9 milesOfsted: Outstanding *
    Ages
    11 to 16
    Pupils
    889
    Type
    Academy sponsor led
  • Cliff Park Ormiston Academy3.1 milesOfsted: Good *
    Ages
    11 to 16
    Pupils
    812
    Type
    Academy sponsor led
  • Caister Academy3.2 milesNo Ofsted rating
    Ages
    11 to 16
    Pupils
    657
    Type
    Academy sponsor led

* Latest graded judgement covers quality of education only; no overall grade was issued under the 2024-25 inspection framework.

Distances are straight-line from the advertised location. Source: the national school registers (DfE, Welsh Government, Scottish Government) and Ofsted.

Schools are just the start: sold prices nearby, planning activity and any flood history are in the full report.

Amenities

Supermarket

Iceland Great Yarmouth, Great Yarmouth211 metres
Farmfoods Cobholm Great Yarmouth, Great Yarmouth389 metres
Sainsburys Great Yarmouth, Great Yarmouth407 metres

GP surgery

The Park Surgery240 metres

Pharmacy

Pharmacyexprezz45 metres

Hospital

Northgate Hospital0.7 miles

Green space

Public Park Or Garden241 metres

Straight-line distances from the advertised location. Sources: NHS records, Geolytix supermarket locations, OS Open Greenspace and the national trails registers.

The area stacks up? Now check the location itself: planning nearby, protected designations and past flooding.

Getting Around

Nearest station

Great Yarmouth Rail Station633 metres

Nearest bus stop

Market Gates139 metres

Typical drive times

Lowestoft19 min · 11 miles
Caister-on-Sea8 min · 3 miles
Great Yarmouth3 min · 0.9 miles
Norwich (city)32 min · 21 miles
Gorleston-on-Sea9 min · 3.6 miles

Straight-line distances from the advertised location; drive times are typical free-flow times over OpenStreetMap road data, so allow more at peak. Public transport locations from DfT NaPTAN.

Easy to reach matters. So do planning activity, flood history and ground risks: all in the full report.

Flood Risk

From Environment Agency flood map open data, checked around the advertised map pin and allowing for the listed acreage where known. This summary comes from LandSale, the advertising platform, not from the listing agent, and is not part of the agent's particulars. Risk can vary across a single holding, so verify anything critical through your own searches before committing.

Rivers and the sea

Flood Zone 1Lower risk

Surface water

Outside the mapped risk bandsVery low risk

The detail behind these bandings

The full report pinpoints where this location sits on the flood maps, and runs the deeper checks that usually only surface after an offer.

  • Exact flood zones & annual chances (included in the full report)
  • Any recorded past flooding (included in the full report)
  • Planning activity nearby (included in the full report)
  • Heritage & conservation (included in the full report)
  • Protected nature designations (included in the full report)
  • Ground risks (included in the full report)
  • Sold prices nearby (included in the full report)

£14.99 · one-off purchase

By LandSale, the platform. Not provided by the listing agent. Ready in about a minute.

Important notice: Information, maps and tags on this page are drawn from the advertising agent's marketing materials or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.

Contact East Surveyors Limited, East Commercial

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

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