Summary - Fullers Hill, Great Yarmouth NR30 1PR
1 bed 1 bath Retail Property (high street)
Three-income freehold on Fullers Hill — established shop, flat and billboard income potential.
Freehold high-street building with multi-income potential
A freehold high-street investment in Fullers Hill, Great Yarmouth, offering three income avenues: long-established ground-floor shop tenancy, first-floor one-bedroom flat, and a prominent roadside billboard. The shop has housed the same tenant for eight years and currently produces reliable rent; the flat provides immediate additional revenue once modernised. The property is large internally (approx. 1,379 sq ft) and well positioned in a busy retail stretch, benefiting from excellent footfall and transport links to Norwich.
The building requires renovation and modernization — the flat’s kitchen and bathroom are dated and the shop needs upgrading for contemporary retail standards. Heating is split (gas central heating to the flat, electric to the shop) and some works should be budgeted for to improve energy efficiency and tenant comfort. There is one allocated parking space with a small right-of-way charge, and gated access to a paved bin storage area.
Considerable upside is available: the billboard offers extra income and there may be scope (subject to permissions) to create an additional ground-floor studio or reconfigure layouts to increase lettable space. Be mindful that the immediate area is classified as very deprived with very high crime levels; appropriate risk management, tenant vetting, and investment in security will be important for preserving value and rental income.
This lot is aimed squarely at investors or landlords willing to carry out targeted renovation to lift rental values and letability. Guide price: £150,000–£160,000. Prospective purchasers should verify tenant terms, service arrangements and local planning constraints before bidding.
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