82-83 High St 2,616 SF Retail Building Lowestoft NR32 1XN £30,000 (£11.47/SF)

INVESTMENT HIGHLIGHTS

  • Vacant high street shop with potential
  • Guide Price - £30,000 to £50,000
  • Unless previously sold or withdrawn prior
  • Accommodation over three floors
  • For sale by livestream auction
  • 11am Thursday 8 May 2025

EXECUTIVE SUMMARY

FOR SALE BY LIVESTREAM AUCTION ON THURSDAY 8 MAY AT 11AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Vacant shop with accommodation over three floors offering potential

This deceptively spacious property has accommodation over three floors and extends to around 89 sq/m. The high street shop with accommodation above benefits from sea views to the rear and is in need of refurbishment. The property lies within a conservation area, however is not listed. The upper floors offer potential for residential conversion, subject to the necessary consents being obtained.

It has been in the same ownership for nearly thirty years and is now to be sold with vacant possession.




Ground floor Shop, room
First floor Two rooms
Second floor Two rooms
Outside Rear garden in need of attention
Ratable value According to the Valuation Office website, the ground floor shop and premises has a rateable value of £1,375 with effect from the 1st April 2023.

Tenure: Freehold

EPC Rating: F

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £960 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
2,616 SF
Building Class
C
Year Built
1890
Price
£30,000
Price Per SF
£11.47
Tenancy
Single
Number of Floors
4
Building FAR
1.84
Lot Size
0.03 AC
Frontage
22 ft on High Street

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

HSBC
Costa Coffee
Lloyds Bank Plc
National Westminster Bank Plc
Barclays
Starbucks
Iceland
Tesco
The Food Warehouse
Morrisons
  • Listing ID: 35428498

  • Date on Market: 09/04/2025

  • Last Updated:

  • Address: 82-83 High St, Lowestoft NR32 1XN