Prominent high street commercial building extending to over 3,500 sq/ft

Prominent high street commercial building extending to over 3,500 sq/ft This two storey property has a large display frontage and occupies a prominent location on the High Street opposite the Triangle Market. It is within an established area of mixed retailing, business, leisure and restaurant uses. Its current use is as a tandoori restaurant trading as 'The Royal Tawa' and is let on a six year lease at £14,400pa (£1,200pcm) with effect from 2016. However, the tenants have now left the property and are not paying rent. The property has a premises licence. Previously the building was used as a second-hand furniture shop and the large first floor area offers potential for residential conversion, subject to the necessary consents. According to the valuation office website the property is described as "restaurant and premises", has an area of 224.1sq/m and a rateable value of £11,750 with effect from 1st April 2010.

Tenure

Freehold

Description

Lower Ground Floor

Basement comprising w.c., storage room, storage area, shower room (416 sq/ft).

Groun Floor

Open plan restaurant and bar, male and female toilets, kitchen (1,581 sq/ft).

First Floor

Large sales area with five partitioned offices off the main room, bathroom (1,149sq/ft).

Outside

Large rear garden in need of attention.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating E

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

Mears Hobbs & Durrant, Somerset House, 26 Gordon Road, Lowestoft NR32 1NL, Ref: Mr R Temple, Tel: 01502 583621

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.