158 London Road South and 2a - 3 Waterloo Road Lowestoft Suffolk NR33 0BB

158 London Road South and 2a - 3 Waterloo Road
Lowestoft
Suffolk
NR33 0BB

Freehold Retail and Residential Investment

  • 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
    £20,052 per Annum Exclusive
  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • 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.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
158 London
Road South
and 2a/3
Waterloo Road
Ground Retail
69.30 sq m
(746 sq ft)
INDIVIDUAL t/a
Hunny Bee Vintage
& OMG Community
Craft Shop (1)
4 years from
11/03/2016 (2)
£6,000 (10/03/2020)
2 Waterloo
Road
Ground Retail
40.51 sq m
(436 sq ft)
INDIVIDUALS t/a
Market Pet Shop
3 years from
12/05/2015 (3)
£3,600 (11/05/2018)
Flat 1 First Residential
1 Bedroom Flat
INDIVIDUAL 12 month AST
from
22/04/2016
£3,000 (4)
Flat 2 First Residential
1 Bedroom Flat
INDIVIDUAL 6 month AST
from
22/02/2013
£3,432 (4)
Flat 3 First Residential
1 Bedroom Flat
INDIVIDUAL 6 month AST
from
14/10/2016
£4,020 (4)
Total Commercial Area  
109.81 sq m
(1,182 sq ft)
    £20,052  

(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.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    858 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    665 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Eversheds LLP 1 Callaghan Square
Cardiff
CF10 5BT
029 2046 4347
Rachel White 029 2047 7387RachelWhite@eversheds-sutherland.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now