Retail premises for sale in Grove Road, Lowestoft NR32

For sale by auction on Wednesday, 20 Mar 2024 at 11:00

Venue: Livestream Auction

This freehold retail shop with offices above offers a great space to convert into a flat (STPP) is situated close to the sea.

This freehold investment opportunity is in the heart of Lowestoft, just off the main High Street and is currently run as a music shop by the current owner with sound proof tuition rooms above and storage. The property offers retail space on the ground floor with dual aspect shop front as positioned on the corner. Pleasing in appearance this property has good opportunities for an investor. Subject to the necessary planning, the upstairs would create an ideal flat to help obtain a good yield.

Retail Shop
Open space with dual aspect windows and stairs to first floor

First floor
Storage facility with two sound proof tuition studios and an office

Viewings
Please contact the Norwich office to book an appointment to view.

EPC Rating: C

Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.