364 London Road South, Lowestoft, Suffolk NR33 0BQ
- PROPERTY TYPE
Terraced
- BEDROOMS
7
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Great investment property
- Three generous flats with parking to rear
- Impressive Victorian property
- Desirable area of Lowestoft
- Close to splendid beach
- Currently vacant was yielding £58,800 when fully occupied
- Guide price: £350,000 - £375,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00am, Wednesday 12 June 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12 JUNE 2024 AT 10:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Impressive Victorian property situated south of the river in a desirable area of Lowestoft. The property which is vacant is divided into three substantial apartments and has been providing a yield of £58,800pa
Formerly the ground floor was a doctor's surgery and registered for commercial use, with two apartments on the first and second floors. The current owners purchased in 2013 and with planning consent changed use to residential and converted the surgery into a further apartment (planning ref: DC/18/4470/COU with East Suffolk Council). The apartments have been producing a rental yield when fully let of £58,800 pa, calculated at £40/room x 6 persons x 7 days x 35 weeks. However there is scope for the building and rental yields could be increased. There is interest from companies working on the Sizewell C project and windfarms locally. There is parking for three cars via gated access to the rear of the property.
Ground Floor Apartment Front porch, communal entrance hall, sitting room, two bedrooms, bathroom and kitchen
First Floor Apartment Landing entrance to one bedroom apartment and entrance to three bedroom duplex apartment.
One bedroom apartment: Hall, bedroom, shower room, kitchen & sitting room.
Three bedroom apartment: Hall with stairs to second floor accommodation, kitchen, sitting room, bedroom with shower room
Duplex Apartment First & Second floor Three bedroom apartment: First floor accommodation hall with stairs to second floor, kitchen and bedroom. Second floor accommodation landing, lounge. two bedrooms and family bathroom.
Exterior Walled and gated front garden leads to entrance this area is paved for easy
maintenance. Large gates open onto the rear garden which offers hardstanding for three vehicles, this could be turned into garden if required.
Council Tax Band A
Viewings Viewings are being arranged by appointment only and the next one is Monday 20th May. Please contact the Norwich office to book an appointment.
Tenure: Freehold
EPC Rating: Please refer to Legal Pack
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £960 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.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
364 London Road South, Lowestoft, Suffolk NR33 0BQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lowestoft Station1.0 miles
- Oulton Broad South Station1.5 miles
- Oulton Broad North Station1.5 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auctio
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202404111500sq_fbi7. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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