Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold Prior

Sold Prior

Sold

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features


    • To be offered on Wednesday 16 September
    • A freehold mixed-use building
    • High yielding mixed use investment
    • Comprising a ground floor retail unit and a first and second floor office
    • Total GIA approx. 2,850 sq ft (264.75 sq m)
    • Predestined Town Centre Pitch
    • Asset management potential via lease renewal
    • Development potential via residential conversion of upper parts(subject to consents)
    • Investment let at £26,700 pa (16.69% GIY on guide price)

    Description

    The property comprises 2,199 sq ft, with retail accommodation on the ground floor and office space on the first and second floors. The property is currently let to two tenants, both of whom are holding over, providing an immediate asset management opportunity through lease renewals.

    Additional information

    Tenure

    Freehold

    Accommodation

    Total GIA approx. 2,850 sq ft (264.75 sq m)

    Tenancy

    Please see tenancy schedule

    Rent

    £26,700

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property is situated within the pedestrianised town centre in a prominent corner position on the west side of London Road North, at its junction with Surrey Street. Occupiers close by include Shoezone, Natwest , Barclays Bank, Greggs, Boots and Marks & Spencer amongst many others



      Lowestoft benefits from good road communications by being at the junction of the A12 and the A47, and close to the A146. Lowestoft Rail Station provides regular services to Norwich and Saxmundham

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums