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Investment

Investment For Sale Hunstanton

PROPERTY ID: 124335

PROPERTY TYPE

Investment

STATUS

Available

SIZE

4,999 sq.ft

Key Features

Two Commercial & Four Residential Properties
Outstanding Position in the Town
Potential to Use for Holiday Let, Investment or Multi Generation Living

Property Details

Brown&Co. offers a substantial (4999sqft), residential and commercial opportunity to acquire a versatile property in a prime sea view location in Hunstanton, Norfolk. The properties are located right in the heart of this glorious seaside resort just off the town's Green. All the major attractions are a short walk away, including the famous West facing promenade, home to spectacular sunsets over the sea. This unique opportunity to acquire prime property in a thriving seaside town needs to be viewed to fully appreciate and offers various and considerable long term investment opportunities. Formerly two, fine, Victorian, four storey residences, 6-8 St Edmunds Terrace now comprises; two commercial properties and four residential properties with parking at the rear and courtyards to the front. The property has been occupied by the same family for many years and offers a host of investment, residential and commercial opportunity to a new owner. The property is extremely well placed for use as holiday let apartments such as AirBnb, subject to relevant planning and building control, assured short term tenancies or for use for multi-generation occupancy with income potential from the commercial units. There may be opportunity to create further residential units in the commercial units, subject to planning permission but, this has not been explored by the agent of the owners. A brief summary is outlined below. Residential Two former, fine, grade II listed Victorian terraced dwellings with sea views. Currently arranged to provide; a one bedroom apartment, a one/two bedroom apartment and two, four bedroom apartments. The apartments are split over three floors with each apartment on one level. All have sea views. The current use has been with multi-generations of the same family using the apartments, with occasional holiday letting of the smaller units. The building is serviced by one staircase and entrance to the front with exit to rear. Outside at the rear there are two gardens, one used for parking for numerous vehicles. Commercial Former café/restaurant premises. Flexible use class E, suitable for café, restaurant, retail, financial/professional services or office. Current rateable value from April 1st 2023 £6700. Interested parties are advised to contact the Local Authority in order to confirm the amount payable as the property may be eligible for some form of transitional relief. Currently unoccupied. Former retail premises. Flexible use class E, suitable for café, restaurant, retail, financial/professional services or office. Current rateable value from April 1st 2023 £3600. Interested parties are advised to contact the Local Authority in order to confirm the amount payable as the property may be eligible for some form of transitional relief. Currently unoccupied.

Brown & Co Offers A Substantial, Residential And Commercial Opportunity In A Prime, Sea View Location In Hunstanton, Norfolk. The Property Comprises Two Commercial Properties And Four Residential Properties With Parking Just A Stones Throw From The Green.

About the Agent

Investment Unit

£750,000 Freehold

6-8 St. Edmunds Terrace, Hunstanton, PE36 5EH
Investment - Available
4,999 sq ft
464 sqm
Show phone number

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