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Sold Prior | Lot 69

147 London Road North, Lowestoft, Suffolk, NR32 1NB

Sold Prior

  • Commercial Property
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 21/10/2020

Auction Time

11:00

Auction Venue

Livestream Auction

A substantial high street office or potential retail premises with development potential

This three storey building was formally the Eastern Daily Press offices but is now to be sold with vacant possession. The property has over 3,450 square ft of office and storage space over three floors with rear access including an internal garage approached from the rear lane. The building is in generally good order throughout and would be ideal for subdivision or potentially a part residential conversion on the upper floors. The shop is use class A2 and the rest of the building is use class B1. As there are permitted development rights to change B1 use into residential use this means that for the majority of the building no Planning Permission would be needed to convert to residential. Other National and well established retailers are located close by and the building is in a high profile location.

Tenure

Freehold

Accommodation

486 sq ft (325 sq m) Shop/office 1,292 sq ft ground floor offices an storage including garage 1,346 sq ft first floor offices 363 sq ft second floor office

Business Rates

The current rateable value is £10,500 pa from April 2017

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Waveney District Council

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, NR8 6HW, Ref: Tracy Guest, Tel: (01603) 864331

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.