Available
Lowestoft – Three-Storey Vacant Retail with Parking
113 London Road North, Lowestoft, Suffolk NR32 1LXFreehold Vacant Retail with Residential Development Potential
Investment Consideration
- Vacant possession
- ERV: £30,000 p.a. GIY: 8.57%
- Comprises corner ground floor shop with ancillary accommodation at first and second floor
- Benefits from rear access and 2 parking spaces
- Residential development potential, subject to planning
- Located in the heart of the town centre with occupiers nearby including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises three-storey corner building arranged as a ground floor shop with ancillary accommodation at first and second floor, providing the following accommodation and dimensions:
Ground Floor: 120 sq m (1,291 sq ft)
Open plan retail, Office, Kitchenette, WC
First Floor: 120 sq m (1,291 sq ft)
3 Rooms, Bathroom
Second Floor: 22 sq m (237 sq ft)
2 Rooms
Residential development potential to convert upper floors and/or extend above and rear, subject to obtaining planning.
Ground Floor: 120 sq m (1,291 sq ft)
Open plan retail, Office, Kitchenette, WC
First Floor: 120 sq m (1,291 sq ft)
3 Rooms, Bathroom
Second Floor: 22 sq m (237 sq ft)
2 Rooms
Residential development potential to convert upper floors and/or extend above and rear, subject to obtaining planning.
Tenancy Description
The entire property is at present vacant. ERV: £30,000 p.a.
Location Description
Lowestoft is a coastal town and civil parish in the East Suffolk district of Suffolk, England. As the most easterly UK settlement, it is 110 miles north-east of London, 38 miles north-east of Ipswich and 22 miles south-east of Norwich, and the main town in its district. The property is situated 300 metres from Lowestoft Railway Station with nearby occupiers including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct.