Lowestoft, Suffolk, NR33 9JU
Property: 119 Bridge Road
Size: 0 sq ft
Prominent three storey building fully let to one retail tenant and two residential tenants, fronting onto Bridge Road and adjacent to Nicholas Everett Park
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, approx. 2.5 miles west of Lowestoft town centre.
Lock up retail shop unit with large rear store rooms, first floor toilet and office, let to a single tenant; together with two residential flats each with a bedroom, living room, kitchen and bathroom, let to two separate tenants.
Offers in excess of £220,000 for the purchase of the freehold interest subject to the terms of the existing tenancies
Residential Flat 1 Band A
Residential Flat 2 Band A
The retail premises are let to Andrew Page, trading as The Gift Shop on full repairing and insuring terms for a period of 15 years from 10 November 2011 at a current annual rent of £6,300 payable quarterly in advance, with rent reviews every five years on an upward only basis
The residential flats are let to two different tenants, each upon six monthly Assured Shorthold tenancies and presently produce £925 per month; one tenant has been in continuous occupation for more than four years.
Retail Shop: Retail Shop (A1)
Residential Flats: Residential (C3)
Mains electricity, gas, water and drainage connections
Strictly by appointment with the sole agents:
Richard Perkins & Associates
The Barn, 2 Gunton Church Lane,
LOWESTOFT. NR32 4LE
Telephone: 01502 514738
Fax: 01502 568674