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Description

A prominent three storey building with a corner retail shop that could be enlarged and converted into restaurant use, and self-contained 4 bedroom living accommodation

Location:
Situated in a busy trading position adjacent to Nicholas Everitt Park in the centre of Oulton Broad that is a popular tourist location within the Broads National Park, approximately 2.5 miles west of Lowestoft town centre. Lowestoft, with a resident population of 70,000 and a catchment population in excess of 160,000 is a centre for business, port, retail and leisure activities

Description:
A prominent three storey building with a corner retail shop that could be enlarged and converted into restaurant use, with side and rear gardens that adjoin Nicholas Everett Park and self-contained 4 bedroom living accommodation

Accommodation:
Retail Area: 89.77 sq m (966 sq ft)
Stores: 20.25 sq m (218 sq ft)
Living Accommodation:4 Bedrooms, 2 Reception Rooms,Kitchen, Bathrooms & Utility Rooms

Services:
Mains electricity, gas, water and drainage connections

Property Tax:
Rateable Value: Retail Shop £6,700
Council Tax: Living Accommodation Band C

Planning Uses:
Retail & External Areas: Restaurant (A3) or Retail Shop (A1)
Living Accommodation: Residential (C3)

Terms:
Leasehold: New lease upon full repairing and insuring terms for a minimum term of 15 years at an initial exclusive annual rent in the region of £35,000 per annum subject to the receipt of satisfactory references

Freehold: Offers in the region of £395,000


Legal Costs:
Each party to be responsible for their own legal costs, with the prospective lessee or purchaser required to provide an undertaking to meet the vendors legal fees in the event of withdrawing from the transaction before completion

Viewing:
Strictly by appointment with the sole agents: Richard Perkins & Associates