Freehold Retail Investment
Freehold Retail Investment
The property is situated on the eastern side of the London Road North, Lowestoft’s prime pedestrianised retail thoroughfare. Lowestoft is a popular seaside town with award-winning Blue Flag beaches and is Suffolk’s second largest town after Ipswich. Nearby retailers include Vision Express, W H Smith, BHS, Marks & Spencer and Boots.
Freehold.
The property is situated on the eastern side of the London Road North, Lowestoft’s prime pedestrianised retail thoroughfare. Lowestoft is a popular seaside town with award-winning Blue Flag beaches and is Suffolk’s second largest town after Ipswich. Nearby retailers include Vision Express, W H Smith, BHS, Marks & Spencer and Boots.
Freehold.
The property comprises ground floor retail accommodation and ancillary accommodation on the first floor. The first floor front storage area is a remote store externally accessed over the flat roof which is accessed via a hatch from the first floor rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground floor retail accommodation and ancillary accommodation on the first floor. The first floor front storage area is a remote store externally accessed over the flat roof which is accessed via a hatch from the first floor rear.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First (Rear) First (Front) |
Retail Ancillary Storage |
134.24 sq m 24.88 sq m 40.20 sq m |
(1,445 sq ft) (268 sq ft) (432 sq ft) |
THE WORKS STORES LIMITED (1) |
10 years from 19/08/2010 until 2020 on a full repairing and insuring lease |
£45,000 |
19/08/2015 |
| Totals | 199.32 sq m | (2,145 sq ft) |
£45,000 | ||||
(1) The Works currently operate from over 300 stores nationwide. (www.theworks.co.uk) For the year ending 28/04/2013, The Works Stores
Limited reported a turnover of £122,781,000, pre-tax profits of £2,669,000 and a total net worth of £5,729,000. (Source: www.riskdisk.com 24.04.2014)
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