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Commercial Property - Prominent Seafront Mixed-Use Investment with Established Income and Future Development Potential. An exciting opportunity to acquire a substantial freehold asset in a prime Great Yarmouth seafront location, comprising an established Bed & Breakfast business, three self-contained residential flats, income-producing storage space and a sizeable site offering further potential, subject to any necessary consents. The property currently generates multiple income streams, producing approximately £61,200 per annum, and is well positioned to benefit from ongoing regeneration, port activity and offshore energy sector growth.
Location
The Hive is particularly well placed within Great Yarmouth, one of the East Coast’s most active ports and a recognised hub for the offshore energy sector. Situated on South Beach Parade, the property enjoys a prominent seafront setting with consistent footfall, particularly during peak tourist seasons, while also benefiting from year-round economic activity tied to the marina and port.
Crucially, the asset lies just 300 metres from the Third River Crossing, a major infrastructure project designed to significantly improve connectivity between the A47, the port and wider commercial areas. This is expected to drive further regeneration, reduce congestion and enhance accessibility for both commercial operators and visitors.
The property also sits just north of Great Yarmouth’s expanding offshore energy park and port facilities, which continue to attract significant investment from major energy and engineering firms. This has led to sustained demand for accommodation, short-term letting, contractor housing, offices and storage space, all of which are directly relevant to the income streams within The Hive.
In addition to its proximity to the port, the property benefits from strong links to the wider region. The A47 provides direct access to Norwich and onward connections across East Anglia, while the town itself continues to see investment in tourism, infrastructure and seafront regeneration projects.
The combination of holiday trade, port activity and offshore energy growth places Great Yarmouth in a unique position compared to traditional coastal towns.
What’s on offer at The Hive
Occupying a prominent position on South Beach Parade, The Hive represents a substantial mixed-use investment opportunity combining residential, hospitality and commercial income streams, together with future development potential.
The property currently operates as a Bed & Breakfast business generating approximately £30,000 per annum, whilst also benefiting from strong residential rental income from three self-contained flats, comprising two one-bedroom flats and one two-bedroom flat, currently producing approximately £2,200 per calendar month (£26,400 per annum).
Further income is derived from an established storage area, currently generating approximately £4,800 per annum, providing an additional revenue stream alongside the existing accommodation.
The property offers extensive and versatile accommodation, including guest facilities, owner's accommodation, ancillary storage areas, utility space and private external areas. A spacious former bar and entertainment area provides significant flexibility for a range of potential leisure, hospitality or commercial uses, subject to any necessary consents.
Externally, the property benefits from a substantial courtyard and car parking area, together with a private yard, garage and additional storage facilities. The generous plot extends to over one-third of an acre (stms) and presents exciting opportunities for future enhancement or redevelopment, subject to the necessary permissions.
The Hive is particularly well placed within Great Yarmouth, one of the East Coast's busiest ports and an established centre for the offshore energy sector. Situated just 300 metres from the Third River Crossing, the property is positioned to benefit from improved connectivity, ongoing regeneration and continued investment within the local area. The nearby port, offshore energy park and seafront attractions contribute to sustained demand from tourists, contractors, business visitors and residents alike.
Offering established income, a prominent trading position and clear opportunities to add further value over time, The Hive presents a compelling proposition for investors, developers and owner-operators seeking a substantial mixed-use asset in a thriving coastal location. The vendor may also consider a sale of part or whole, offering flexibility for a range of purchasers.
Agents Note
This property will be sold freehold.
Connected to mains water, electricity, gas and drainage.
Disclaimer
Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client. We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract. To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check. It’s recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client. We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract. To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check. It’s recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
