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COMMERCIAL

London Road South, Lowestoft

Guide Price
£225,000
Hardimans Estate Agents, Lowestoft
PROPERTY TYPE

Commercial Property

BEDROOMS

3

BATHROOMS

1

SIZE

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Key features

  • GREAT INVESTMENT OPPORTUNITY
  • EXCELLENT RETAIL AREA
  • VERY SPACIOUS 3 BEDROOM APARTMENT
  • ALL MODERNISED WITH NOTHING TO DO
  • CLOSE TO BEACH
  • THRIVING RETAIL AREA

Description

BEING SOLD VIA SECURE SALE ONLINE BIDDING. TERMS AND CONDITIONS APPLY. STARTING BID £225,000 Located on London Road South in Lowestoft, only a few hundred yards to the beach, this fantastic shop with a substantial three-bedroom apartment above offers a unique opportunity for those seeking a long term investment. Situated in what is considered a vibrant shopping area, this property is perfect for those wishing to have excellent living accommodation, together with a useful income produced from the ground floor retail shop. Please also note the apartment could also be let to produce further income.
The current owner has let the ground floor shop on a 5 year lease from January 2025, at £500 per month. Please see the note 'Business Lease' within the main details.
The condition of both the shop & apartment are superb where nothing needs doing.
Please note the access to the apartment is within the front part of the shop premises.

Front Shop/Salon 1 - A large open plan shop/salon area with excellent display windows, ample lighting and power, radiator
door to;

Rear Shop/Salon 2 - Substantial internal retail area with ample lighting, radiator.
Door to;

Kitchenette - fitted in a range of modern units including hot & cold sink, rear access door.

W.C - low level wc, wash basin.

Private Apartment Entrance - Acces from the front shop area, entrance hall with stairs to first floor and half landing.

Reception Room - with a feature cast iron fireplace, radiator, laminate flooring, built-in store cupboard, large opening to:-

Superb Open Plan Kitchen/Diner/Family Room - kitchen area fitted in a range of shaker style units in a soft cream finish, one and a half bowl sink unit, 4 burner ceramic hob, stainless steel splashback and filter hood over, double oven/grill, worktop and recess having plumbing for automatic washing machine and dishwasher, space for American style fridge freezer, 3 radiators, gas combination boiler, double aspect windows with upvc double glazing.

Modern Fitted Shower Room - shower cubicle with a Triton instant shower unit, low level wc, pedestal washbasin, part shower boarding, radiator, extractor fan.

Master Bedroom - double aspect windows, radiator, built-in wardrobe cupboard.

Stairs To 2nd Floor And Landing -

Bedroom 2 - radiator, dormer window.

Bedroom 3 - radiator, dormer window.

Freehold - The entire building will be sold as one unit.

Material Info - This property has:
Mains Gas, Electric, water & sewerage
Flood Risk Info: Very low
* Broadband: Fixed wireless
* Mobile: good reception
* Disclaimer: This information is based on predictions provided by Ofcom. Applicants should carry out their own enquiries to satisfy themselves that the coverage is adequate for their requirements.

Business Lease - The freeholder/landlord has agreed a new lease the ground floor retail premises (also known as 'Flutterbye Lashes') on the following terms:
1. Term of Lease agreed 13th January 2025 and ends 13th January 2030
2. Tenant will pay £500.00 per month payable on the 1st and every month of the term.
3. There is no rent review. The landlord & tenant will review the rent after the initial 5 year period.
4. Utilities. The Landlord is responsible for the payment of the following utilities and other charges in relation to the premises: electricity, natural gas, water, sewer and internet.
5. Landlord will be responsible for buildings insurance only (not contents of tenant).

Auctioneers Additional Comments - Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

London Road South, LowestoftBrochure

London Road South, Lowestoft

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lowestoft Station0.6 miles
  • Oulton Broad North Station1.4 miles
  • Oulton Broad South Station1.5 miles
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About Hardimans Estate Agents, Lowestoft

134 London Road North, Lowestoft, NR32 1HB
Industry affiliations:
Welcome To Hardimans

Hardimans recognise that quality of service, along with a knowledgeable, helpful and practical approach for both vendors and purchasers, are the keys to success.

A good proportion of our business is by recommendation and we are proud and work hard to reinforce the good reputation that we enjoy.

A member of the NAEA (National Association of Estate Agents), we also subscribe to the Ombudsman Scheme for Estate Agents and our Lettings Manager Dawn Mailley is a member of ARLA (The Association of Residential Letting Agents).

"Whether selling, buying or letting Hardimans offer traditional Estate Agency values that combine seamlessly with modern sales and marketing techniques - the difference is a tailored service as individual as you

Why Us?

WWW.HARDIMANS .CO.UK

In addition to our hugely popular website and Rightmove, your property will also be promoted on 'On the Market'

Energy Performance Certificates &  Floor Plans

It is the sellers legal requirement to provide an Energy Performance Certificate prior to marketing. We are pleased to arrange this on your behalf at very competitive rates and within a few days of instructions.

We use the highest quality colour floorplans for your property. 

Lettings

Hardimans Residential Lettings will offer you a superb level of service and we believe that the key to success is to provide a professional approach to ensure that the whole Lettings process is made simple and effective for you.

We would be delighted to offer you a free no obligation rental valuation advising you of the rent achievable and to advise on any works that need to be carried out to the property and your legal obligations as a Landlord. Call 01502 516042

The Team

The Directors and Staff have many years experience to provide good old fashioned personal service from perhaps one of the most experienced team of professional estate agents in the local area. We take extreme pride in the way we work together and what we do for our clients. There are many pitfalls in the buying and selling process and we have probably come across them all at some time or another. We can use this experience to help guide you through what is likely to be one of your biggest commitments.

We genuinely look forward to hearing from you

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 33701722. 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 Hardimans Estate Agents, Lowestoft. 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 Hardimans Estate Agents, Lowestoft on 01502 448102.

*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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