167-168 High Street, Lowestoft, Suffolk NR32 1HU
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- Valuable freehold investment property producing income of £52,000 pa
- Bar restaurant and 3 self contained flats
- Long established business
- Guide price: £450,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Thursday 8th May 2025
Description
FOR SALE BY LIVESTREAM AUCTION ON THURSDAY 8TH MAY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Valuable commercial investment producing £52,000 pa
Long established Beatles themed restaurant and bar (Sgt Peppers) with managers flat and two self contained apartments currently let on a long lease producing £52,000 pa. Tenancy 20 years from Oct 2022, full repairing and insuring lease.
The business has been trading for over 42 years and is in a High profile town centre location near to other established businesses pubs and restaurants.
Accommodation Ground Floor: Bar and restaurant with kitchen, preparation room and ladies toilets.
Basement: Bar with additional seating
First Floor: Two bedroom managers flat. Gents toilets
Second Floor: 2 self contained flats approached from side access.
Business Rates 1 April 2023 to present: £8,200
Properties with a rateable value below £12,000 are eligible for 100% reduction of the business rates.
Council Tax Band A
Viewings Viewings are available by appointment only, please call the Norwich office to arrange a viewing.
Tenure: Freehold
EPC Rating: C
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 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.
167-168 High Street, Lowestoft, Suffolk NR32 1HU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lowestoft Station0.7 miles
- Oulton Broad North Station1.8 miles
- Oulton Broad South Station2.3 miles
About Auction House, East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Notes
Disclaimer - Property reference 202502201426sq_7o1g_copy_2025-04-15_133602. 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 Auction House, East Anglia. 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 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.”
Map data ©OpenStreetMap contributors.