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Description

The property has a prominent frontage to Whapload Road and provides a large area of serviced hard surfaced storage land with two buildings

LOCATION:
Situated to the north of Lowestoft town centre within the Beach Industrial Estate, adjacent to the Power Park and close to Orbis Energy Centre.

Lowestoft with a resident population of approximately 75,000 people and a catchment population in excess of 160,000 people, is the second largest town in Suffolk, a centre for commercial, industrial, retail, educational, research, administrative, energy, port and leisure activities.


DESCRIPTION:
The property has a prominent frontage to Whapload Road and provides a large area of serviced hard surfaced storage land with two buildings, one of which is a pitched roof workshop/store and the other is a single storey building suitable for conversion into an office or store. There are also some areas of partly demolished buildings and building materials that will be cleared from the site prior to completion of any letting or sale.


ACCOMMODATION:
Pitched Roof Building: 90.00 sq m (970 sq ft)
Single Storey Flat Roofed Building: 73.40 sq m (790 sq ft)
Hard surfaced site area: 3,876.35 sq m (4,636 sq yd) 

SERVICES:
Mains three-phase electricity, water and drainage connections


RATING:
Rateable Value: £2,550


PLANNING USE:
Industrial or Warehouse/Storage Use – Use Class B2 or B8


TERMS:
Freehold: Offers in the region of £495,000

Leasehold:
New lease for a minimum term of 5 years subject to a lessee’s full repairing and insuring covenant and the receipt of satisfactory references:
• whole property at an initial annual exclusive rent of £40,000;
• part of property at terms to be agreed dependant upon extent of the area
to be demised;


LEGAL COSTS:
Each party to be responsible for their own legal costs. Prospective lessee’s are to enter into a binding undertaking to pay the lessors legal fees in the event of withdrawing from the transaction before completion.


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