Retail premises for sale in Bridge Road, Lowestoft NR32

Offers over £1,400,000 (£46.67/sq. ft)
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Retail premises for sale 30,000 sq. ft*
Tenure: Not available Council tax band: Not available

Property features

  • Multiple Freehold Shops and Residential Investment
  • Asset management opportunity
  • Development opportunity subject to getting consents
  • VAT is not applicable to this property
  • A range of shops and amenities is available along Bridge Road (A146)
  • Oulton Broad North Rail Station is about 2 minutes walk to the north-east

Property description

Investment Consideration:
Gross Initial Yield: 3.37%
Rental Income: £47,240 p.a.
VAT is not applicable to this property.
Asset management opportunity.
Development opportunity subject to getting consents.
Arranged to provide a Retail Parade, Creche, Nightclub and 19 Self-Contained Flats together with a Car Park.
Retail Parade subject to a Long Lease.

Property Description:
The property comprises two connecting buildings arranged over ground and two upper floors. Internally, the property is arranged to provide a creche, a nightclub and 19 self-contained flats (12 x two-bedroom, 7 x one bedroom), together with a car park.

It is considered that there may be scope and potential for development, subject to all necessary consents being obtainable.

Location:
The property is situated on the east side of Bridge Road, to the east of its junction with Harbour Road. A range of shops and amenities is available along Bridge Road (A146). Oulton Broad North Rail Station is approximately 2 minutes walk to the north-east. The A146, A47 and A12 are easily accessible.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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