Mixed-use property of 15,495 sq/ft (0.36 acres) situated in a prominent location in the Suffolk town of Lowestoft. Ideal development opportunity subject to planning.

The premises comprises a substantial mixed-use property situated in one of Lowestoft’s main commercial areas. The property consists of a former car showroom with a large workshop area with access from the rear (St. Johns Road), multiple offices and ancillary accommodation at ground floor level, together with large self-contained residential flat above. The ground floor commercial element provides extensive showroom space to the front with a large workshop to the rear, in addition to several private offices, WCs and supporting areas. The layout offers flexibility and may lend itself to subdivision, allowing the premises to be occupied by multiple businesses or let as separate commercial units, subject to any necessary consents. Opportunity for development of the site subject to planning. The 4 bedroom flat is currently vacant and requires full refurbishment, presenting an opportunity for improvement and potential value uplift. Externally, the site benefits from ample parking and yard space to both the front and rear of the property, together with a separate brick-built storage unit located at the rear. The overall site extends to approximately 15,495 sq/ft (0.36 acres) and may offer development potential subject to planning permission.

Tenure

Freehold

Business Rates

The commercial premises have a rateable value of £44,750

Show Room

Car showroom with multiple offices and exterior sales forecourt.

Worskop

Located to the rear this large space could be divided from the showroom as it has its own access to the rear off St. Johns Road. To the rear there is a further storage unit and parking for several vehicles.

Flats

Above the building is a generous self contained 4 bedroomed flat in need of full refurbishment.

Council Tax Band

B

Energy Efficiency Rating (EPC)

Current Rating D, G (Flat)

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

Cozens-Hardy LLP, Ref: Stiven Xhelili, Tel: 01603 625231

Additional Fees

Buyer's Premium - £1560 inc VAT payable on exchange of contracts.

Administration Charge - £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.