Retail premises for sale in 18 Suffolk Road, Lowestoft, Suffolk NR32

For sale by auction on Wednesday, 24 Jul 2024 at 11:00

Venue: Livestream Auction

Fast food outlet with two self contained two bedroom flats

A busy fast food outlet currently trading but to be sold with vacant possession. The property has a counter, reception area and small restaurant with kitchen and preparation areas on the ground floor. There is separate access to the two upper floor flats to the rear. These will also be sold vacant and capable of providing a significant annual income.

The main high street is nearby and the property is within a short walk of the railway station, harbour and beach.

Ground Floor
Kitchen and preparation areas, small restaurant and counter area

First Floor
Flat 1: Lobby, lounge, two bedrooms, bathroom, kitchen

Second Floor
Flat 2: Landing, lounge, kitchen, two bedrooms, bathroom

Outside
Small yard and store, staircase to upper floors

Other
Council Tax Band: A

Business rates: 1 April 2023 to present - £2,950

EPC Rating: C

Additional Fees
Buyers Premium: £720 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.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.