Comprises three ground floor retail units and three residential flats
Asset Management Opportunities
Nearby occupiers include William Hill and Greggs as well as other independent traders
Lot 12
Auction 13th July 2017
Rent
Status Sold
Price £200,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
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
Lowestoft is an important commercial centre and port in East Anglia. The property is accessed via the A12 and is located on the eastern side of London Road South, 1km south of Lowestoft town centre. Nearby occupiers include William Hill and Greggs, as well as other independent traders.
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
Lowestoft is an important commercial centre and port in East Anglia. The property is accessed via the A12 and is located on the eastern side of London Road South, 1km south of Lowestoft town centre. Nearby occupiers include William Hill and Greggs, as well as other independent traders.
Tenure
Freehold.
Description
The property comprises three ground floor retail units with three self-contained residential flats on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three ground floor retail units with three self-contained residential flats on the first floor.
VAT
VAT is not applicable to this lot.
Completion Period
Eight Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Hunny Bee Vintage Shop & Tea Room trades from 158 London Road South, while OMG Community Craft Shop trades from 3 Waterloo Road. (2) The tenant did not exercise a break option in March 2017. (3) The tenant did not exercise a break option in November 2016. (4) The tenant is occupying by way of a periodic tenancy on a month by month basis.