London Road North, Lowestoft
Key Features
- Ground floor retail premises in a prominent London Road North position
- Approximately 944 sq ft (87.7 sq m)
- Spacious main retail area with useful rear accommodation
- Wide glazed shopfront providing good visibility
- Suitable for a range of retail, office or service-based uses, subject to consent
- Opportunity for an incoming tenant to fit out the premises to suit their requirements
- Significant rent-free period available by negotiation
- Asking rent of £10,000 per annum (£1,000 pcm)
- Rateable Value: £7,500 – potential 100% Small Business Rate Relief
- EPC Rating: B
Full property description
Spacious 944 sq ft ground floor retail premises on London Road North, available at £10,000 per annum with a significant rent-free period offered by negotiation.
140 London Road North, Lowestoft
Paul Hubbard Commercial are pleased to offer this ground floor retail premises situated on London Road North, in the heart of Lowestoft town centre. Extending to approximately 944 sq ft (87.7 sq m), the property provides a good-sized front retail area together with useful ancillary accommodation to the rear.
The premises benefit from a wide glazed shopfront and offer flexible accommodation suitable for a variety of retail, office or service-based uses, subject to any necessary consents. The property would benefit from some updating and redecoration, providing an incoming tenant with the opportunity to fit the space out to suit their own requirements.
The landlord is seeking £10,000 per annum (£833 pcm) and is prepared to offer a significant rent-free period, subject to lease terms and covenant strength, to assist with initial refurbishment and fit-out costs.
Business Rates
The property has a current Rateable Value of £7,500. Qualifying occupiers may be eligible for 100% Small Business Rate Relief, potentially resulting in no business rates being payable. Interested parties should make their own enquiries with East Suffolk Council to confirm their individual liability.
EPC
The property has an EPC rating of B, with the current certificate valid until 22 October 2033.
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