87 High Street, Lowestoft, Suffolk NR32 1XN
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Three storey shop and offices
- Consent for shop and 2 residential units
- High profile town centre location
- Guide price: £20,000 to £40,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 26th March 2025
Description
SOLD AT AUCTION - £56,000
Prominent high street premises in need of full modernisation. Consent for residential conversion.
Having been vacant for a number of years this former retail premises now needs full updating and remedial repair to return it to a shop with offices or planning permission has been obtained to include restoration of existing shop frontage, demolition of existing rear single
storey extension and addition of a new two storey extension providing a one bedroom apartment and a two bedroom maisonette.
The premises are in a high profile town centre location surrounded by a wide range of independent traders and retailers.
Existing Accommodation Ground Floor: shop, side hall, rear office
Basement: Cellarage and stores, former kitchen
First Floor: Offices
Proposed Accommodation Ground Floor: Shop with kitchenette and wc
Basment and First Floor: 2 bedroom maisonette with lounge, kitchen, bathroom and utility room
First Floor: Living room/kitchen, bedroom, bathroom
Outside Generous rear garden currently overgrown and in need of attention.
Business Rates 1 April 2023 to present: £2,375
Viewings Viewings are being arranged in conjunction with the vendor, the next opportunity is on Friday 7 and Thursday 13 March. To book an appointment please call the Norwich office.
Tenure: Freehold
EPC Rating: C
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £900 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.
87 High Street, Lowestoft, Suffolk NR32 1XN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lowestoft Station0.5 miles
- Oulton Broad North Station1.7 miles
- Oulton Broad South Station2.2 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
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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, 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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