*Guide | £90,000+ (plus fees)
- Mixed Use
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Mixed Use Mid Terrace Building with Large Rear Yard Subject to a Lease Producing £15,000 Per Annum (Reflecting a Gross Initial Yield of 16%)
The property comprises a mixed use mid terrace building arranged to provide a lower ground and ground floor retail unit and first and second floor offices.
Tenure
Freehold
Location
The property is situated on a pedestrianised road close to local shops and amenities. The open spaces of Gunton Community Park are within easy reach. Transport links are provided by Lowestoft rail station.
Accommodation
Lower Ground Floor Retail Area Ground Floor Retail Area First Floor Offices Second Floor Offices Total G.I.A. Approximately 3,000 sq ft
Exterior
The property benefits from rear access with parking.
Tenancy
The property is subject to a 5 year lease commencing 21st May 2024 at a rent of £15,000 per annum. Break clause in 2027.
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
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.
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
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
