Shop for sale

119 Bridge Road, Lowestoft, Suffolk, NR33

Offers in Excess of £200,000

Property Description

Commercial information

  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • For Sale - Retail & Residential Investment producing 17,100 per annum
  • Prominent fully let retail and residential investment
  • EXISTING BUSINESS UNAFFECTED

Full description

Tenure: Freehold

LOCATION:
Situated in a busy trading position adjacent to Nicholas Everitt Park in the centre of Oulton Broad that is a popular tourist location within the Broads National Park, approximately 2.5 miles west of Lowestoft town centre. Lowestoft, with a resident population of 70,000 and a catchment population in excess of 160,000 is a centre for business, port, retail and leisure activities

DESCRIPTION:
Prominent three storey building fully let to one retail tenant and two residential tenants, fronting onto Bridge Road and adjacent to Nicholas Everett Park

ACCOMMODATION:
Lock up retail shop unit with large rear store rooms, first floor toilet and office, let to a single tenant; together with two residential flats each with a bedroom, living room, kitchen and bathroom, let to two separate tenants.

SERVICES:
Mains electricity, gas, water and drainage connections

PROPERTY TAX:
Rateable Value: Retail: 2,800
Council Tax: Residential Flat 1 Band A
Residential Flat 2 Band A

PLANNING USES:
Retail Shop: Retail Shop (A1)
Residential Flats: Residential (C3)

TENANCIES:
The retail premises are let to Andrew Page, trading as The Gift Shop on full repairing and insuring terms for a period of 15 years from 10 November 2011 at a current annual rent of 6,300 payable quarterly in advance, with rent reviews every five years on an upward only basis

The residential flats are let to two different tenants, each upon six monthly Assured Shorthold tenancies and presently produce 900 per month

TERMS:
Offers in excess of 200,000 for the purchase of the freehold interest subject to the terms of the existing tenancies

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

VIEWING: Strictly by appointment with the sole agents:
Richard Perkins & Associates
The Barn, 2 Gunton Church Lane,
LOWESTOFT. NR32 4LE
Telephone: 01502 514738
Fax: 01502 568674
Email: property@richard-perkins.co.uk

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Oulton Broad South (0.2 mi)
  • Oulton Broad North (0.5 mi)
  • Lowestoft (1.7 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

  • Oulton Broad South (0.2 mi)
  • Oulton Broad North (0.5 mi)
  • Lowestoft (1.7 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 A2112S. 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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