Mixed use investment opportunity situated close to Lowestoft town centre. Ground floor shop with self-contained flat above both currently Let producing £1,600 pcm (£19,200 pa)

A well-located mixed-use property comprising a ground floor retail unit with a separate one-bedroom flat above, situated close to the town centre and local amenities. Both spaces are currently Let to the same tenant and are producing £1,600 pcm (£19,200 pa) The ground floor shop is operating as a nail bar and the flat above has separate access via an entrance to the rear. Both spaces underwent refurbishment four years ago and are in good order throughout and present a strong ready made investment.

Tenure

Freehold

Business Rates

According to the Valuation Office website the Shop and Premises have a current rateable value of £6,300 with effect from 1 April 2023.

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating C, C

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

Rita Pubco Ltd, Ref: Daniel Ingle

Additional Fees

Buyer's Premium - £960 inc VAT payable on exchange of contracts.

Administration Charge - £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.