Prime pedestrianised town centre location diagonally opposite Marks & Spencer
Close proximity to The Britten Shopping Centre
Nearby retailers include Boots the Chemist, WH Smith, Waterstones and H Samuel
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 79
Auction 7th July 2016
Rent £55,500 per Annum Exclusive
Status Sold
Price £571,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
10 miles south of Great Yarmouth
27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist and
New Look.
Tenure
Freehold.
Location
Miles
10 miles south of Great Yarmouth
27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist and
New Look.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with ancillary accommodation on the first floor. Part of the property has been sublet to Vodafone.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with ancillary accommodation on the first floor. Part of the property has been sublet to Vodafone.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Unit 65 (sublet) Unit 67
Ground Ground First
Retail/Ancillary Retail/Ancillary Ancillary
117.30 sq m 233.09 sq m 131.25 sq m
(1,262 sq ft) (2,508 sq ft) (1,412 sq ft)
GREGGS PLC (1)
6 years from 28/06/2013
£55,000
27/06/2019
Total
481.64 sq m
(5,182 sq ft)
£55,000
(1) For the year ending 03/01/2015, Greggs Plc reported a turnover of £803,961,000, pre-tax profits of £49,743,000 and a total net worth of £241,982,000 (Source: Experian Group 07/06/2016). Part of the property has been sublet to Vodafone.
