Summary - 20 PRIORY PLAIN GREAT YARMOUTH NR30 1NQ
1 bed 1 bath Residential Development
**Standout Features:**
- **Annual Income:** Currently generating £6,000 from advertising hoarding and £4,320 from informal car park rentals.
- **Location:** Prominent site near Market Place, well-connected to the town center and sea front.
- **Development Potential:** Lapsed planning permission for residential development, with pre-application advice for further enhancement.
- **Freehold Status:** Offering permanent ownership with off-road parking available.
- **Size:** Two titles combined total 0.09 acres for future projects.
This unique investment opportunity presents a dilapidated detached warehouse and off-road parking within a conservation area. With a current rental yield from advertising and car spaces, the property benefits from its strategic location near Great Yarmouth's market and beachfront, making it an attractive future development site. The previous planning permissions grant the potential for transformation into four to six townhouses, enticing for developers or investors poised for growth.
While the property requires renovation and there are high local crime rates, it stands as a promising canvas for visionary investors or developers looking to make their mark. The guide price of £80,000 to £100,000 opens the door for those seeking a combination of rental income and future residential expansion in a transitional area, with bids due via livestream auction on July 30th, 2025. Act quickly, as opportunities like this with dual revenue streams and development potential seldom last long!
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