This part-vacant freehold mixed-use building is situated in the Suffolk coastal town of Lowestoft, one road back from the seafront, recreational facilities, beach and pier. There are numerous shops, supermarkets, civic amenities and services available on London Road South (B1532), and the subject property sits on the corner of its junction with Claremont Road.
The ground floor of the building is currently occupied by an established bridalwear shop, with a vacant split-level flat on the above two floors. The flat may offer potential for sub-division or use as an Airbnb facility, subject to all necessary consents being obtainable.
The flat has many characterful features, including high ceilings on the first floor, fireplaces and sash windows, but is in need of modernisation and improvement throughout.
Ground Floor Main shop/sales area with fitting rooms, office and staff facilities to the rear, and basement.
Tenancy The shop is currently let on the terms of a commercial lease for a period of five years from 3rd August 2023 to and including 2nd August 2028. There is a current rent payable of 8,500 per annum (exclusive of VAT). There is a break clause and rent review scheduled for 3rd August 2026.
EPC Rating C (64). Total Floor Area 89 sq.m.
Flat Ground Floor Private entrance door off Claremont Road with stairs leading to first floor landing, two reception rooms and kitchen.
Second Floor Landing, three bedrooms, box room and bathroom/W.C.
EPC Rating To be confirmed.
Council Tax Band A
Local Planning Authority East Suffolk Council. Website: eastsuffolk.gov.uk. Tel: 01394 444832.
Freehold with Part Vacant Possession
Residential EPC: TBC
Commercial EPC: C
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
Sign up to The Landsite newsletter for the latest member insights, land and properties for sale across the UK, and stay in the know about The
Landsite and what’s happening with us.
Alternatively, follow us on our social media channels
