Town centre mixed use property: Vacant shop and maisonette Requires refurbishment

This large three storey mid terrace property comprises of a ground floor shop with a spacious first and second floor three bedroom maisonette above. The shop traded as the well known mens clothing retailer Holgates for a long time, however it has been empty for a couple of years and now requires renovation. It is conveniently situated in the centre of the town on the main shopping street. The maisonette is accessed from within the shop, however could be self contained with a new access from the front like the property next door, subject to the necessary consents. It is partially double glazed, has gas central heating and sea views, however requires a program of improvement. This is a redevelopment opportunity that would appeal to an investor.

Tenure

Freehold

Shop

Large open plan retail floor

Maisonette

First Floor

Landing, lounge, dining room, kitchen

Second Floor

Split level landing, three bedrooms, bathroom, w.c.

Outside

Enclosed rear yard with former brick store building in need of attention

Rates

According to the valuation office website the shop has a rateable value of £8,000 with effect from 1st April 2017.

Viewings

Individual appointments can be arranged - the next are Wednesday 28 April - BOOKING ESSENTIAL - Please call the Norwich office on 01603 505100 to book the next available slot

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. Tel: 01502 562111

Solicitors

Nicholsons Solicitors, 23 Alexandra Road, Lowestoft, NR32 1PP, Ref: Jade Tinney, Tel: 01502 532317

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 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.