103 London Road North Lowestoft Suffolk NR32 1LX

103 London Road North
Lowestoft
Suffolk
NR32 1LX

Freehold Retail Investment

Let to Cards Direct Retail Limited until September 2031 (No Breaks)
March 2026 Tenant break option not exercised
Prominent position in prime pedestriaised retail thoroughfare
Approx. 300 meters from Lowestoft Railway Station
Nearby occupiers include Specsavers (adjacent), Tesco Express, Vision Express, Holland & Barrett, Starbucks and Sports Direct

Lot
33
Auction
29th October 2026
Rent
£37,500 per Annum Exclusive
Status
Available
Guide*
£350,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to Cards Direct Retail Limited until September 2031 (No Breaks)
March 2026 Tenant break option not exercised
Prominent position in prime pedestriaised retail thoroughfare
Approx. 300 meters from Lowestoft Railway Station
Nearby occupiers include Specsavers (adjacent), Tesco Express, Vision Express, Holland & Barrett, Starbucks and Sports Direct

Lot 33
Auction 29th October 2026
Rent £37,500 per Annum Exclusive
Status Available
Guide* £350,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads: A11, A12, A146, M11
Rail: Lowestoft Railway Station
Air: Norwich International Airport

Situation

The property is prominently situated on the east side of the pedestrianised London Road North, Lowestoft’s principal retailing thoroughfare. Nearby occupiers include Specsavers (adjacent), Tesco Express, Vision Express, Holland & Barrett, Starbucks and Sports Direct. The property also benefits from being within walking distance to The Britten Centre and approximately 300 metres from Lowestoft Railway Station.

Tenure

Freehold.

Location

Miles: 10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads: A11, A12, A146, M11
Rail: Lowestoft Railway Station
Air: Norwich International Airport

Situation

Tenure

Freehold.

Description

The property comprises a retail unit arranged on the ground floor.

VAT

VAT is applicable to this lot.

EPC

Band B.

Description

The property comprises a retail unit arranged on the ground floor.

VAT

VAT is applicable to this lot.

EPC

Band B.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground	Retail	170.00	(1,830)	CARDS DIRECT RETAIL LIMITED (t/a Cards Direct) (1)	15 years from 29/09/2016	£37,500 (2)
Total		170.00	(1,830)			£37,500

N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) Cards Direct are a family owned and run retailer in the UK specialising in greeting cards, gifts, gift packaging, balloons, partyware and currently have 90 stores in the UK. For the year ending 31st July 2025, Cards Direct Retail Limited reported a total turnover of £26,942,011, pre-tax profits of £574,845 and net assets of £2,993,077 (Source: Cards Direct Retail Limited, as published at Companies House on 18/09/2026).
(2) The lease provides for a half rent period from 28/09/2026 until 27/09/2028. The Seller will 'top-up' the rent from completion of the sale until the end of the half rent period. The property will effectively produce £37,500 from completion.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.