Retail Property (high street) for sale

High Street, Lowestoft, Suffolk, NR32

500 sq. ft. | £190,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

In 1662 Sam Pacy, a wealthy merchant who lived at this address, gave evidence that led to the hanging of two women for bewitching his daughters and a plaque on the wall outside indicates that it was from this lovely grade two listed property that the events occurred.

Now it is a tranquil, double fronted shop with a charming three bed apartment above. If you fancy a bit of history as well as a lifestyle that will support you then this is for you!

Lowestoft is the most Easterly town in Britain and is enjoying a resurgence due to the marine industry in the area.

Only due for sale as the vendor wishes to retire, this is a lovely business ,which enjoys good profits and will suit anyone with an interest in craft work.

Sensibly priced for such a large property, this is sure to attract and will not be for sale for long- highly recommended for an early viewing!


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
We are advised that this grade two listed building dates back to the 16th century and presents an appealing double frontage in the up and coming area of the High Street. The windows are well filled and present an appealing display to passing shoppers. The retail area is split into two areas with a total of c 500 sq ft. The walls are devoted entirely to the large stock of wools, including Sirdar and to a wide array of haberdashery -,cross stitching gondolas, fabrics, wooden needles, threads and ribbons. There is a large table where the knitting and crochet classes are held and often there are a lot of ladies enjoying the social aspect whilst making their purchases.

To the rear is a kitchen with more storage benefiting from views to the sea and underneath is a large, dry cellar.

There is a patio outside and a large garden which again is south facing towards the sea. Above is a three double bedroom flat with lounge and kitchen and a newly refurbished bathroom with cast iron bath and a double shower.


THE BUSINESS ITSELF

This charming business enjoys a turnover of nearly 80,000pa with the exceptionally high G.P. You would expect from this type of business. There is also an income from a flat above the shop which produces a further 5,500 p.a.

Having been run by the vendor for the last six years, this is a genuine retirement sale and offers the new owner a lovely lifestyle whilst earning a good living. The vendor runs weekly knitting and crochet classes which attracts up to twenty ladies for each class. Many clients require items to be made and she has a small army of knitters" to make garments to order.

With a full EPOS system controlling the large stock, this really is a profitable gem and worthy of close inspection.


INFORMATION

Our Reference
M32776E.

Tenure
Freehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Nearest stations

  • Lowestoft (0.5 mi)
  • Oulton Broad North (1.7 mi)
  • Oulton Broad South (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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 (0.5 mi)
  • Oulton Broad North (1.7 mi)
  • Oulton Broad South (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 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 M32776E. 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 EM&F East Anglia, Norwich. 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.

Map data OpenStreetMap contributors.