COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 09 February 2022 | Lot 57

109A London Road North, Lowestoft, NR32 1HA

Sold £86,250

  • Retail Property (high street)
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 09/02/2022

Auction Time

11:00

Auction Venue

Livestream Auction

A valuable freehold investment currently producing £8,000pa

This lock up freehold retail premises is located in a busy high street location at the heart of the main shopping area of Lowestoft. The current tenant is paying £8,000 per annum for the remainder of a five year lease which commenced 25th November 2019. The premises extend to 563 sq ft including the staff areas and WC An excellent investment opportunity.

Tenure

Freehold

Accommodation

Zone A 166.5 sq ft Zone B 167.5 sq ft Zone C 122 sq ft Staff areas, wc and electricity cupboard 101.5 sq ft Total Gross area 563 sq ft.

Viewings

Please call the Norwich office to book an appointment.

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. Tel: 01502 562111

Solicitors

Druces LLP, Suite 425 Salisbury House, London Wall, London, EC2M 5PS, Ref: Tom Rawe, Tel: 020 7638 9271

Additional Fees

Buyer's Premium - £420 inc VAT payable on exchange of contracts.

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.