65/67 London Road North Lowestoft Suffolk NR32 1LS

  • 65/67 London Road North<br>Lowestoft<br>Suffolk<br>NR32 1LS

65/67 London Road North
Lowestoft
Suffolk
NR32 1LS

Freehold Retail Investment

  • Entirely let to Greggs Plc
  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
Important UpdateInterested?
  • Expand
  • Photos
  • Map

Freehold Retail Investment

  • Entirely let to Greggs Plc
  • 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.

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Gaye King 0207 071 7341gaye.king@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on 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.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

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

Are you sure you want to delete your Account?