COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 08 December 2020 | Lot 40a

127 London Road North, Lowestoft, Suffolk, NR32 1LZ

*Guide | £225,000 - £250,000 (plus fees)

  • Residential Development
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Tue 08/12/2020

Auction Time

11:00

Auction Venue

Livestream Auction

A substantial former retail premises with detailed consent to convert into 3 shops and 8 flats

This former high street shop is now vacant but benefits from a sympathetic redevelopment scheme which allows for conversion into three lock up shops and eight self contained one and two bedroom flats. The development would be ideal for the experienced builder or investor looking for a high yielding investment. The premises has a frontage onto London Road North which is very central to the town centre and within walking distance of the railway station and sea front.

Tenure

Freehold

Planning Consent

Planning permission was granted May 2022 for 3 shops and 8 flats. Plans and copies of related documents can be found on the East Suffolk Coastal website Ref DC/20/0607/FUL

Current Accommodation

Ground Floor: Shop and offices, access to cellar, wc, rear yard First Floor: showrooms and offices, Second Floor: 2 bedroom flat.

Proposed Accommodation

Ground Floor: 3 lock up shops, one bedroom flat, Lobby and access to cellar and upper floors. First Floor: 2 one bedroom flats and a two bedroom flat. Second Floor: 4 one bedroom flats.

Energy Efficiency Rating (EPC)

Current Rating C

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

KMA Solicitors, Saracens House, 25 St Margarets, Ipswich, IP4 2BN, Ref: Freya, Tel: 01473760 046

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.