Retail premises to let in London Road North, Lowestoft, Suffolk NR32

£24,000 pa (£3.07/sq. ft. pa)
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Retail premises to let 726 sq. m*

Property description

Spacious retail unit set across two floors, situated in prime position on London Road North.

Full Description

A fantastic opportunity has arisen to secure a lease to a spacious commercial unit in a prime location on London Road North, Lowestoft.

Just a stone’s throw from Lowestoft train station and bus station, and nestled amongst other national chains such as Taco Bell, Subway, Costa Coffee, hsbc and Nationwide, the property is perfectly located for a big brand to expand into Lowestoft and take advantage of the regions growing popularity.

Travelling up London Road North the character changes: The variety of national brands invite you to browse and shop, while side streets boast independent vintage stores and craft shops.

Further up glimpsed views of PowerPark and the North Sea on the horizon from the top of London Road North are a reminder of Lowestoft’s unique easterly location that creates opportunities for the town’s prosperity, as it has done for centuries. The northern end of London Road North is home to exciting start up offices and spaces.

The town centre is a social place; public spaces work well for people of all abilities; streets and squares are clean, green and free from clutter; people enjoy socialising and basking in the sun.

There is a strong sense of ownership and pride in the community, empowered by taking part in the process of regenerating the centre. This sense of pride is underpinned by great efforts to ensure the town’s climate resilience: Construction of flood barriers, adoption of sustainable and low carbon solutions for how new spaces, buildings and retrofits are delivered and managed.

This property is unique and exciting opportunity for a company to harness and tap into the regeneration which is happening in Lowestoft, and across the East Coast in general.

With a growing population looking to settle down in a coastal location, and a tourism market boosted by a fresh desire to holiday within the UK, Lowestoft has a great combination of customers to drive your business forward and continue to grow.


Ground floor


The ground floor has a large frontage, perfect for showing off your companies products and services to the thousands of people passing by every day.

Once you’ve entered the property there is a large, open plan retail area which is roughly 12m x 10m. Beyond this, due to the nature of the previous tenants business, there is a conveyor belt going from the ground to the first floor which was used to quickly and efficient move items from the stock room to the main retail floor, so this could be removed or utilised by the new tenant depending on their requirements.

There is a small stock room on the left hand side and beyond that is a large storage area, measuring approximate 12m x 18m. This was previously used as an area to keep stock, however this could be suitable for retail or restaurant use for the new tenant.
To the rear of the ground floor are 2x smaller storage rooms, a staircase leading to the first floor, an electric roller door for rear access and a fire exit.


First floor


Using the stairs to access the first floor, there is a large corridor with a number of smaller rooms to the left hand side. Some were previously used for office space, storage space, staff breakout rooms as well as toilets, so these are all very adaptable and can be suited to a range of different uses.

The room then opens up into a large, open plan area which is where to top of the conveyor belt is located. Again, this can be removed or utilised by the new tenant.

Beyond this is a range of other rooms which were used for storage but could also be suitable for offices or used by staff members. There is also an additional staircase which leads to the ground floor and the upper floors, which is due to be converted into flats/apartments over the coming months.

Ideally the new tenant will take on both floors and will be able to use the space fully, however the landlord will consider applications from tenants who only wish to take on either the ground floor or the first floor.

The lease terms are flexible and the current asking price for the rent will start at £24,000 per year, with a rent review due after the second year to reflect market rates at the time.

Location

This property is located in Lowestoft, an English coastal town that is situated on the edge of the Norfolk broads; it is the most easterly point of the British Isles. Home to Blue Flag award winning sandy beaches with stunning and historical Victorian seafront gardens, the Royal Plain Fountains, two piers and independent eateries. There are a number of fantastic schools in the area to suit all ages, A Bus Station and Train Station which both run regular services to Norwich and surrounding areas. Lowestoft is 110 miles north-east of London, 38 miles north-east of Ipswich and 22 miles south-east of Norwich.

Property info

Floorplan(s): Floorplan 1

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

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For more information about this property, please contact
Paul Hubbard Commercial Ltd, NR33 on +44 1502 392063 * (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 Paul Hubbard Commercial Ltd, and do not constitute property particulars. Please contact Paul Hubbard Commercial Ltd 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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