Conversion in Norwich

Conversion in Great Yarmouth, Norwich

This former public house is centrally located in Great Yarmouth within an area benefiting from ongoing regeneration. The property comprises ground floor commercial space and a well-presented three-bedroom flat above, currently let at £900 pcm, with potential to convert the ground floor into an additional three-bedroom flat subject to planning.

Located close to the docks, trunk roads, parking, shops, and the seafront, the asset offers strong value-add potential, projected rental income of around £1,800 pcm post-conversion, and an estimated gross yield of 15.4% against the purchase price, or approximately 11% on total cost after works. Funding options are also available on request.

Key Financials:
▪ Purchase price: £140,000
▪ Purchase costs: £9,750
▪ Refurb costs: £55,000
▪ GDV: £240,000
▪ Profit once sold: £12,410
▪ Gross yield: 15%

▪ Sourcing fee: £2,500

For further information, please get in touch.