The Carousel public house with two recently refurbished two bedroom flats above. Currently let producing £32,400 pa

The Carousel public house is situated in a prominent position on the corner of the High Street in the Suffolk coastal town of Lowestoft. Formerly known as The Wheatsheaf this popular pub occupies a stunning historic building. This substantial building is located in a conservation area and has been funded by grants for major works on the exterior of the building. The owner has also in the past two years made major improvements to the interior of the building costing £125,000 to include rewiring, new fire alarms, plumbing renewed and the roof has had repairs. Two generous flats have been completely refurbished and are currently yielding £1,200 pcm on a fixed term lease agreement with 3 years remaining and have self-contained electric supplies. The pub is yielding £1,500 pcm and has a lease of until 12/11/2028 which commenced recently. This is a great ready made investment property. Viewings can be arranged. NB: The basement does have planning permission for conversion to a further flat.

Tenure

Freehold

Pub

Porch, bar area, pool table area, seating area with outside terrace, stairs to male and female toilets, meter room, cellar, function room with PP to be converted to a further flat if required.

Flat 1

Accessed via a communal hall with stairs to entrance. Hall, sitting room, two bedrooms, kitchen and shower room.

Flat 2

Accessed via a communal hall with stairs to entrance. Hall, sitting room, two bedrooms, kitchen and shower room.

Exterior

Parking to the rear

Council Tax Band

A, A

Business Rates

Current rateable value £4,600

Note

Please note this Lot is subject to VAT

Energy Efficiency Rating (EPC)

Current Rating Flats = E, E, Pub = D

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

HKB Wiltshires (Lowestoft), Ref: Philip Tuttle, Tel: 01502 582338

Additional Fees

Buyer's Premium - £960 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.