Commercial Property for sale

Bevan Street East, Lowestoft, Suffolk, NR32

Offers in Region of £290,000

Property Description

Commercial information

  • Use class orders: A2 Financial and Professional Services and D1 Non-Residential Institutions

Key features

  • For Sale - Retail & Office Investment producing 24,000 per annum exclusive
  • Prominent Retail Premises Let to Suffolk County Council
  • Potential for future alternative uses: Subject to planning permission

Full description

Tenure: Freehold

LOCATION:
Situated in Station Square, Lowestoft Town Centre, opposite the Railway Station, within a very prominent location adjacent to the principal retail areas. Lowestoft, with a resident population of approximately 75,000 and a catchment population in excess of 180,000 is a centre for business, port, retail and leisure activities.

DESCRIPTION:
The premises consist of a ground floor retail area with good frontage to Station Square, Denmark Road and Bevan Street East, together with first and second floor office and ancillary space.

Bevan Street has on street parking provision and there are many town centre car parks within easy walking distance.

ACCOMMODATION:
Ground floor retail areas, presently used as offices and training areas with kitchen and toilet provision; stairs to the upper floors that have additional offices, toilet provision and a shower room.

SERVICES:
Mains three phase electricity, gas, water and drainage connections.

The premises have full gas fired central heating, fire detection/alarm system and an intruder alarm installation.

PROPERTY TAX:
Rateable Value: 18,750

PLANNING USES:
Retail - Use Class A2 & D1

TENANCY:
The property is let to Suffolk County Council on full repairing and insuring terms for a period expiring on 31 December 2018 at a current rent of 24,000 per annum exclusive payable quarterly in advance.

TERMS:
Offers in the region of 290,000 for the purchase of the freehold interest subject to the terms of the existing tenancy.

LEGAL COSTS:
Each party to be responsible for their own legal costs, with the prospective purchaser required to provide an undertaking to meet the vendors legal fees in the event of withdrawing from the transaction before completion.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Lowestoft (0.0 mi)
  • Oulton Broad North (1.4 mi)
  • Oulton Broad South (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Richard Perkins & Associates, Suffolk

The Barn, 2 Gunton Church Lane, Lowestoft, Suffolk, NR32 4LE

01502 455037 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lowestoft (0.0 mi)
  • Oulton Broad North (1.4 mi)
  • Oulton Broad South (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Richard Perkins & Associates, Suffolk

The Barn, 2 Gunton Church Lane, Lowestoft, Suffolk, NR32 4LE

01502 455037 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference P1622. 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 Richard Perkins & Associates, Suffolk. 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.

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