Phone: +44 (0)20 7374 5300

Email: info@hilcoglobal.eu

Building Type:
Freehold Opportunity - Extensive yard and workshops

Gorleston, Great Yarmouth, Norfolk

Property Summary

  • 33,305 sq ft
  • Site area – 2.5 acres
  • Freehold for sale
  • Vacant possession
  • Quay side location – approximately 200 metre of quay heading with no height restrictions and 5 to 8 metre draft (low to high tide)
  • Direct access to North Sea including the deep water outer harbour
  • Access to rapidly expanding North Sea energy market
  • Development opportunities with access to government funding and simplified planning

Location

The site is located in Gorleston, Great Yarmouth and occupies a prominent quay side location heading the River Yare as denoted by the red arrow on the attached plan. South Denes Port and the deep water harbour is a short distance away. Great Yarmouth is a major player in off-shore energy generation with schemes including Scroby Sands, Dudgeon, East Anglia Array and the proposed East Anglia One, Two and Three.

The site has an extensive quay side heading of approximately 200 metres together with a 5 metre draft and no height restrictions. This provides direct access to the North Sea via the harbour and could facilitate operation within the North Sea Energy Market. The site is seaward to the proposed Great Yarmouth Third River Crossing

Access
From the A12 south take the first exit at the roundabout to William Adams Way. From William Adams Way take the third exit left onto Malthouse Lane. The site is located a short distance on the left of Malthouse Lane.

Adjacent Occupiers
Adjacent to the site are a number of large and small energy operators to include:

Hydra Rig, SMS, Pentagon Freight, Nexus, Diesal Power (EA) ltd, Electro Tec, Magma Products, CEBO, STS Defence, Elmdale Welding Suppliers and John Maclean and Sons.

Description

The site is approximately 2.5 acres and comprises:

A two bay industrial unit of steel portal frame construction with part block and part cement sheet elevations. The unit has two large shutter doors at each end with ramped access to the north. It is serviced by a 3 phase power supply with sodium power and fluorescent lighting and benefits from two gantry cranes, one 2 x 5 tonne and one 2 x 10 tonne.

Extensive concrete yard areas to north and south of the main workshop with concrete quayside access joining the two main sections of yard.

One newly constructed materials workshop.

One large reinforced concrete pad measuring 60 x 48 metres with a loading capacity of 2,000 tonnes previously used for the construction of offshore modules.

Two additional industrial units for storage and fabrication.

Accommodation

Description                    Sq M       Sq Ft

Main workshop              2,165       23,308

Materials Warehouse   335           3,607

Nissan Workshop          307           3,304

Special Materials           160           1,723

Subtotal                         2,967       31,942

Portacabin                      74             791

Materials Office             53             572

Subtotal                         127           1,363

Total                               3,094        33,305

Energy Market

Strong energy market participation

The subject site occupies a prominent position to serve the Norfolk and Suffolk energy market which is expected to attract over £50 billion of investment over the next 10 years comprising 6,200 companies, 105,000 employees and worth £13 billion per annum.

We have identified the existing and future participation in the energy market which the subject site could serve to include:

Upstream oil and gas: 150 + platforms and 100 + fields,

Decommissioning schemes: 10 + offshore gas platforms,

Wind: 24 + offshore farms.

Guaranteed support

New Anglia and the Norfolk and Suffolk Energy Alliance (NSEA) were formed to promote and manage investment in energy.

The site is located within the South Denes Energy Park and benefits from Simplified Planning which enables planning permission to be obtained quickly and easily for an energy related use

Injections into the economy

The recovery of the economy is anticipated to accelerate following:

  • The development of the outer harbour deep sea port run by Peel Ports.
  • The recovery of whole sale oil prices with continued growth.
  • The arrival of East Anglia 1 in 2017, East Anglia 2 in 2020 and East Anglia 3 in 2025.

North Sea Energy

The subject site has the opportunity to operate in an extensive and growing market as investment is set to grow rapidly in renewable energy.

Scroby Sands: Comprises 30 turbines with a total capacity of 60 MW. The turbines are serviced from Great Yarmouth.

East Anglia One: A £2.5 billion development to include 102 turbines with a total capacity of 714 MW. Great Yarmouth has been identified as the construction/ servicing point of the new turbines.

Planning

The subject site is covered by the Great Yarmouth Local Plan adopted in December 2015. Under the plan the site has been designated as a safeguarded employment area (CS6), falling within the Gas House and Malthouse Quay (EMP33). Please note that the site has been identified as a hazardous development area (INF18, INF19).

Tenure

It is envisaged the site will be sold freehold with vacant possession.

There is currently a third party occupation over a minority section of the site. Further details are available from the joint agents.

Business Rates

We have searched the VOA Website and understand the property is currently assessed at a Rateable Value of £88,500.

Price

Offers for the freehold are invited in the region of £975,000 subject to contract

VAT

We await confirmation however we currently understand an election to waive the exemption has been made and the property is subject to VAT.

Legals

Each party is to bear their own legal costs

Energy Perfromance Certificate

We understand that no building on the site contain any specific means designed to alter the internal environment, consequently it would seem no EPC(s) is(are) required and none are currently available.

Contacts