For Sale By Auction | 11:00, 23 October 2024 | Lot 23

87 High Street, Lowestoft, Suffolk NR32 1XN

Sold £56,500

  • Commercial Property
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 23/10/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Prominent High Street premises in need of full modernisation. Consent for residential conversion.

Having been vacant for a number of years this former retail premises now needs full updating and remedial repair to return it to a shop with offices or planning permission has been obtained to include restoration of existing shop frontage, demolition of existing rear single storey extension and addition of a new two storey extension providing a one bedroom apartment and a two bedroom maisonette. The premises are in a high profile town centre location surrounded by a wide range of independent traders and retailers.

Tenure

Freehold

Existing Accommodation

Ground Floor: shop, side hall, rear office Basement: Cellarage and stores, former kitchen First Floor: Offices

Proposed Accommodation

Ground Floor: Shop with kitchenette and wc Basment and First Floor: 2 bedroom maisonette with lounge, kitchen, bathroom and utility room First Floor: Living room/kitchen, bedroom, bathroom

Outside

Generous rear garden currently overgrown and in need of attention.

Business Rates

1 April 2023 to present: £2,375

Viewings

Viewings are being arranged in conjunction with the vendor. The next are on Monday 14 October. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

East Suffolk Council

Solicitors

East Suffolk Council Legal Department, Ref: Louise Sayer, Tel: 01502 523256

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £900 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.

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