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Description

The property includes a former car dealership premises that consists of a two storey showroom to the front, the ground floor of which provides suitable accommodation for other retail uses (subject to receipt of planning permission), together with storage and office accommodation.

LOCATION:
Prominently located in central Lowestoft at the junction of Mill Road, Belvedere Road and Kirkley Rise, opposite Asda. The surrounding area comprises a mixture of occupiers including car dealerships, commercial, industrial, retail, residential and port users. The area has seen significant redevelopment over the last few years, including to the road network that has substantially increased passing trade to the site.

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 includes a former car dealership premises that consists of a two storey showroom to the front, the ground floor of which provides suitable accommodation for other retail uses (subject to receipt of planning permission), together with storage and office accommodation. To the rear is a fully fitted workshop with seven bays including an MOT bay, with access off Kirkley Rise through a secure compound with parking for approximately 60 vehicles. There are two additional storage buildings in the rear compound.

ACCOMMODATION:
Showroom: 467.50 sq m (5,032 sq ft)
Standalone Showroom: 97.30 sq m (1,049 sq ft)
Workshops: 307.70 sq m (3,312 sq ft)
Upper Floor Stores: 200.70 sq m (2,160 sq ft)
Upper Floor Offices: 60.10 sq m (647 sq ft)
TOTAL: 1,133.30 sq m (12,200 sq ft)

Rear Parking: Approx 60 spaces

SERVICES:
Three phase electricity, mains gas, mains water and main drainage connections.

Separate gender toilet facilities; fire and security alarms.

Gas fired wet radiator heating to showroom, stores & offices; gas warm air heating to the workshops.

RATING:
Rateable Value: £48,250

PLANNING USE:
Sui Generis - Motor Vehicle Sales, Servicing & Maintenance

TERMS:
New lease outwith the security of tenure provisions of Sections 24-28 inclusive of the Landlord & Tenant Act 1954 for a minimum term of 5 years, subject to a lessee’s full repairing and insuring covenant at an initial annual exclusive rent of £45,000, per annum, subject to the receipt of satisfactory references.

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 lessor’s legal fees in the event of withdrawing from the transaction before completion.

VIEWING:
Strictly by appointment with the joint agents:
Richard Perkins & Associates - Contact Richard Perkins / Karen Taylor
Rapleys LLP - Contact: Mark Frostick