Vacant bar, restaurant and hotel sells at auction

The vacant bar, restaurant and 12 bedroom hotel on Marine Parade in Great Yarmouth is set to be auctioned off.

The vacant bar, restaurant and 12 bedroom hotel on Marine Parade in Great Yarmouth is set to be auctioned off. - Credit: Auction House East Anglia

A vacant bar, restaurant and 12 bedroom hotel in a "prime seafront position" has been sold at auction.

The substantial five-storey building on Marine Parade in Great Yarmouth went under the hammer at an online auction this week.

Marketed by Auction House East Anglia, the former restaurant, bar and 12-bed hotel at 56 Marine Parade, Great Yarmouth, was described as being "ready for a new lease of life" after being in the same family for many years.

The former restaurant and 12-bed hotel at 56 Marine Parade, Great Yarmouth, is set to be auctioned off. 

The former restaurant and 12-bed hotel at 56 Marine Parade, Great Yarmouth, is set to be auctioned off. - Credit: Auction House East Anglia

Offered with a guide price of £275,000 - £325,000 (plus fees) on a freehold tenure, the accommodation is arranged over five floors, comprising more than 5,250 sq ft of accommodation.

Described as a "valuable freehold opportunity" that "could provide excellent investment income or a thriving business for an owner occupier", the terraced building on Marine Parade sold for £300,000 at an online auction on Wednesday, June 16.



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