For Sale By Auction | 11:00, 24 July 2024 | Lot 118

18 Suffolk Road, Lowestoft, Suffolk NR32 1DZ

*Guide | £200,000 - £250,000 (plus fees)

  • Mixed Use
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 24/07/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Fast food outlet with two self contained two bedroom flats

A busy fast food outlet currently trading but to be sold with vacant possession. The property has a counter, reception area and small restaurant with kitchen and preparation areas on the ground floor. There is separate access to the two upper floor flats to the rear. These will also be sold vacant and capable of providing a significant annual income. The main high street is nearby and the property is within a short walk of the railway station, harbour and beach.

Tenure

Freehold

Ground Floor

Kitchen and preparation areas, small restaurant and counter area

First Floor

Flat 1: Lobby, lounge, two bedrooms, bathroom, kitchen

Second Floor

Flat 2: Landing, lounge, kitchen, two bedrooms, bathroom

Outside

Small yard and store, staircase to upper floors

Other

Council Tax Band: A Business rates: 1 April 2023 to present - £2,950

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

East Suffolk Council

Solicitors

Lisa's Law, Ref: Lily Dai, Tel: 02079280276

Offered in association with

Steel and Co

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £720 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.