Available
Lowestoft – Vacant Ancillary with Development Potential
113 London Road North, Lowestoft, Suffolk NR32 1LXFreehold Vacant Ancillary & Ground Rent with Residential Development Potential
Price
£125,000
Rent P.A.
Vacant
Tenure
Freehold
Area
1,528 SQ Ft
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises vacant self-contained ancillary accommodation at first and second floor, accessed from the rear
- Provides residential development potential, subject to obtaining the necessary consents
- Includes retail shop at ground floor, which have been sold-off on long leasehold
- 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
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
Comprises three-storey corner building arranged as a ground floor shop (sold-off) and self-contained ancillary accommodation at first and second floor accessed from the rear. The property benefits from parking for 2 cars at rear and provides the following accommodation and dimensions:
Ground Floor Shop: Sold-off
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.
Ground Floor Shop: Sold-off
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 Description
The ground floor shop has been sold-off on long leasehold for a term of 999 years from 2024 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
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.
