London Road South, Lowestoft, Suffolk, NR33 0DS

Location

London Road South is one of the main roads running through the town, with a mix of residential, commercial, and leisure spaces along its length. It’s close to the seafront and provides access to various amenities, including shops, restaurants, and the town's beach areas.

Accommodation

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:-

Accommodation

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.

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).

Tenure

Freehold. Title number SK89897.

Council Tax

Band A.

Rateable Value

The current rateable value is £7,600 (1 April 2023 to present).

Sourced from VOA.

EPC

We are currently awaiting a copy of the energy performance certificates.

Material Information

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.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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. The deposit will form part of 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 payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.