Retail premises for sale in East Runton, Norfolk NR27, £850,000

850,000.00

Offer Nr.:
63435855
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Everett Masson & Furby
Phone(s):
01603 963504

* Busy North Norfolk Location
* Long Established & Well Regarded
* Substantial Freehold Property
* Fresh Air & Seaside Views
* Well Presented Accommodation
* Further Development Potential STP
* Close to Cromer (1 mile approx. )
* Walk to the Beach
* Private Parking
* Call for Further Details
**Agents note**
This is a business for sale as a going concern, not an empty premises for sale
or let.
**Particulars**
We are delighted to be appointed to bring to the market this excellent
business and residential opportunity, set in a sought after area on the North
Norfolk coast. With scope to reconfigure the layout and accommodation
potentially creating additional units (subject to any consents that may be
required), this may well be of interest to developers, investors, as well as
owner operators.
Situated in the popular village of East Runton, approximately 1 mile to the
west of the busy seaside town of Cromer, the area is popular with holiday
makers and long - term residents alike. The property is a short walk from the
beach and enjoys sea views, making it an idyllic place to live whilst the
business benefits from having around 14 caravan parks in or bordering the
village, ensuring a constant flow of customers. Cromer and Sheringham high
schools both have been awarded a ‘Good’ rating from Ofsted, making this an
excellent village to raise a family.
A substantial property in a great location, which does not disappoint when you
step inside, and with so much to offer, means that interest is likely to be
strong in this one. Therefore, if you would like to view then please contact
us as soon as possible and we will be happy to arrange this for you.
**The business itself**
The current owner has been successfully running the business for the past 20+
years and in that time has developed and altered the store to move with
changing customer needs. Providing an extensive offering to the local
community, as well as the many visiting tourists and holiday makers, the store
stocks a wide range of products to meet the demands of all.
The business enjoys the benefit of being a member of the Nisa buying group, as
well as having an alcohol licence and a good staff team working alongside the
owner.
Given the size and layout of the property together with the large store to the
rear there are potentially options to further develop or change the internal
layouts to provide extra units for letting either on a commercial or
residential basis. This would have course be subject to any consents that may
be needed however it may well be of interest to prospective buyers who may be
looking at ways to increase the income or capital values that are achievable
for the site.
**Premises**
_all measurements are approximate and for guidance only. _
The store is well situated on the high street occupying a prominent in the
centre of the village. A wide glazed frontage makes it stand out and draws
customers into the main retail area which provides around 1, 500sqft of space.
It is fitted out with a range of shelving and typical displays stands in
addition to the fridge and freezer display units. There is a customer service
counter to the front with two Epos till points and a Lotto terminal.
To the rear on one side is a store room with office off whilst on the other
side of the store is the former Post Office counter room which is now
currently unused. Further behind here is the staff room with kitchenette and
there is also a toilet on the ground floor for staff use via the hallway to
the residential property.
The rear courtyard provides concrete hard standing giving a good storage area
for deliveries and is fenced and gated so as to be secure. Of particular
interest is the block and render outbuilding which measures approximately 9m x
5m and is currently used for storage. This may be suitable to develop into a
holiday let or a similar use subject to consent.
**Accommodation**
_all measurements are approximate and for guidance only. _
The residential property is accessed via the rear yard and up an internal
staircase to the first and second floors where you will find that the property
has been very well finished and presented.
On the stairs to the first floor is a half landing with a family bathroom off
of it, nicely finished with wood effect vinyl flooring, quality tiling window
to rear and bath with shower over.
On the first floor is the kitchen/breakfast room with built in Stokes double
oven and separate gas hob as well as built in under counter fridge and freezer
and space for a washing machine. Also on this floor are 3 good sized reception
rooms plus a smaller office room. The two reception rooms to the front benefit
from large sash bay windows and whilst the reception room to the rear has
french doors leading out onto a nice sized balcony cum terrace with plenty of
room to sit and enjoy the views.
Moving up to the second floor onto a large landing there is a similar layout
to below with the 4 double bedrooms and a landing cupboard. There are 2 good
sized double bedrooms, one to the front with sea views and one to the rear as
well as a smaller double again to the front of the building. The large master
suite enjoys views to the rear and has built in wardrobes with a large en -
suite bathroom to the front with a big bath and separate drench shower, again
fitted and finished to a high standard.
The property benefits mainly throughout from good quality flooring, gas
central heating and double glazing.
Externally behind the enclosed courtyard via the driveway is a parking area to
the rear of the site with space for a minimum of 4 cars where you will also
find a useful timber shed.
**Further information**
**reference number**
G35438E.
**Opening hours**
8: 00am to 9: 00pm Monday to Sunday.
**Tenure**
Freehold.
**Rent payable**
Not Applicable.
**Rates payable**
£2, 926 per annum.
This information has been provided to us by the vendor and any interested
party is advised to enquire of the local authority to check the position with
regards to business rates that will apply to a new owner.
**EPC**
The Energy Performance Certificate for the commercial property shows a ‘C’
rating and a score of 67.
The Energy Performance Certificate for the residential property shows a ‘D’
rating and a score of 55.
**Price**
£850, 000.
For the benefit of the goodwill, fixtures, fittings & equipment and freehold
property. Stock is payable in addition on completion at valuation. This is a
business for sale as a going concern.
**Viewing**
Strictly by appointment only, please call our Norwich Office on to make an
appointment.
**Finance**
Finance may be available to suitable purchasers.
**Business to sell?**
Let us know as soon as possible! Just ask for a free no obligation valuation
and one of our valuers will carry out a detailed marketing appraisal of your
business at a time of your choice.
**Premier marketing**
We take care to present our businesses to a standard like no other. Offering
quality property particulars as well as detailed information on all of the
online portals and our own website, make your business stand out from the
crowd - call us today!
**Unhappy?**
Do you feel you are receiving the level of service promised by your agents? If
not, we would be happy to carry out a free no obligation marketing appraisal
of your business.
**1\. Money laundering regulations: ** Intending purchasers will be asked to
produce identification documentation at a later stage and we would ask for
your co - operation in order that there will be no delay in agreeing the sale.
**2\. General: ** While we endeavour to make our sales particulars fair,
accurate and reliable, they are only a general guide to the property and,
accordingly, if there is any point which is of particular importance to you,
please contact the office and we will be pleased to check the position for
you, especially if you are contemplating travelling some distance to view the
property.
**3\. Measurements: ** These approximate room sizes are only intended as
general guidance. You must verify the dimensions carefully before ordering
carpets or any built - in furniture.
**4\. Services: ** Please note we have not tested the services or any of the
equipment or appliances in this property, accordingly we strongly advise
prospective buyers to commission their own survey or service reports before
finalising their offer to purchase.

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