Pymm & Co Auctions are delighted to offer an exciting freehold mixed-use investment and development opportunity located in the heart of Gorleston`s popular High Street, just a short stroll from the seafront. Comprising a spacious commercial unit with basement and storage areas, plus a large three-bedroom maisonette above, this property offers a wealth of potential for investors, business owners, or developers alike.
The Property
The ground floor, known as 93 High Street, was most recently operated as a restaurant but is now vacant and ready for a new occupier. The commercial premises offer a versatile layout that could easily lend itself to a range of retail, food, or service-based uses (subject to any necessary consents). The shop area includes a main trading space, preparation area, kitchen facilities, WC, and excellent storage provisions throughout. A basement level and other areas provides additional storage options, perfect for stock or equipment.
To the rear, there is an outside seating area, ideal for hospitality or café-style use a rare and valuable feature on this busy high street. The premises previously generated an annual rental income of £19,300 per annum, reflecting the strength of the location and the commercial potential of the property.
The Accommodation Above
Above the shop, with independent access, is 93A High Street, a well-proportioned and well maintained three-bedroom maisonette arranged over two floors. The flat is currently vacant but was most recently let at £10,500 per annum, offering a steady and reliable income stream. The accommodation includes a fitted kitchen, lounge, bathroom, and three good-sized bedrooms, providing comfortable living space suitable for long-term letting, holiday accommodation, or even owner occupation.
Location
Situated on Gorleston`s thriving High Street, the property enjoys a prime position surrounded by a mix of independent retailers, cafés, restaurants, and essential local services. The area benefits from high footfall throughout the year and a growing residential population. Gorleston Beach a stunning sandy stretch popular with locals and tourists alike lies just a short distance away, enhancing the appeal for both the commercial and residential elements of the property. Excellent transport links serve the town, with Great Yarmouth and Lowestoft both easily accessible by road and public transport.
Investment Highlights
Freehold mixed-use property comprising commercial unit and three-bedroom maisonette
Both elements vacant, providing immediate scope for re-letting or occupation
Previous rental income:
Shop: £19,300 per annum
Flat: £10,500 per annum
Total potential income: £29,800 per annum
Prominent High Street location close to shops, amenities, and the beach
Outside seating area offering excellent trading potential
Ideal for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunity
This is a fantastic opportunity to acquire a substantial freehold property in a sought-after and vibrant coastal location. With strong rental history, vacant possession, and the flexibility to adapt or enhance the existing layout, 93 & 93A High Street, Gorleston represents an appealing prospect for anyone looking to maximise returns or establish a business presence in this bustling seaside town.
Please request the auction legal pack to view full legal documents and property details.
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Council Tax
Norwich City Council, Band A
Utilities
Electric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No
