Retail premises for sale in London Road North, Lowestoft NR32

Investment Consideration:
Vacant possession
erv: £30,000 p.a. Giy: 8.57%
VAT is applicable to this property
Comprises corner ground floor shop with ancillary accommodation at first and second floor
Benefits from rear access and 2 parking spaces
Residential development potential, subject to planning
Located in the heart of the town centre with occupiers nearby including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct

Property Description:
Comprises three-storey corner building arranged as a ground floor shop with ancillary accommodation at first and second floor. The property benefits from rear access with parking for 2 cars and provides the following accommodation and dimensions:
Ground Floor: 120 sq m (1,291 sq ft)
Open plan retail, Office, Kitchenette, WC
First Floor: 120 sq m (1,291 sq ft)
3 Rooms, Bathroom
Second Floor: 22 sq m (237 sq ft)
2 Rooms

Residential development potential to convert upper floors and/or extend above and rear, subject to obtaining planning.

Tenancy:
The entire property is at present vacant. Erv: £30,000 p.a.

Location:
Lowestoft is a coastal town and civil parish in the East Suffolk district of Suffolk, England. As the most easterly UK settlement, it is 110 miles north-east of London, 38 miles north-east of Ipswich and 22 miles south-east of Norwich, and the main town in its district. The property is situated 300 metres from Lowestoft Railway Station with nearby occupiers including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct.