One Stop, 137 Oulton Road, Lowestoft, Suffolk NR32 4QS

SOLD AT AUCTION FOR £229,000

A valuable commercial investment currently let to One Stop Shops. Income currently £13,000 pa (holding over)

This prominent commercial investment property is currently occupied on a rolling tenancy producing £13,000 pa, There has however been an agreement to create a new 15 year lease with a new rent agreed of £15,500 pa. This has not been finalised and purchasers would need to pick up with these negotiations following purchase. This property comprises a ground floor convenience store, totalling approximately 141 sqm (1,510 sq ft) and a self contained three bedroom flat above.

The property is entirely let to One Stop Stores Limited, a subsidiary of Tesco Plc since 2003. It is situated in a predominantly residential area, benefits from off-street car parking to the front.

Accommodation One Stop convenience Store including storage. First floor flat comprising hall, kitchen, lounge, inner hall, three bedrooms, bathroom.
VAT VAT is not applicable to this lot.
Tenancy Information One Stop Community Stores Ltd are wholly owned by Tesco plc (
Lease Length
15 years from 1 March 2009 until 28 February 2024.
Business Rates and Council Tax Business Rates: 1 April 2023 to present: £9,900
Council Tax: A
Viewings Viewings are available strictly by appointment only as the shop is operating, and the flat is tenanted. The next viewings are Thursday 4th December. Viewing on this date is encouraged as further viewing opportunities are not guaranteed. Please call the Norwich office to book your appointment.

Tenure: Freehold

EPC Rating: B, E

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.