The demise offers a ground floor unit. The Property is located on a terraced street and is 3-story property. The unit has a large glass frontage. The shop has been cleared with William Hills fit-out remaining which offers 3 toilets, a kitchenette, HVAC and suspended ceilings. The unit is in presentable condition and is rectangular in shape. Tenure The property is held on a leasehold basis with a lease expiry on 24th December 2022. Rent The rent passing is £12,500 per annum exclusive. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £31,750.00 and the rates payable are £15,589.25 pa. The UBR for 2019/2020 is 49.10p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The subject branch is prominently located on London Road, in North Lowestoft. Lowestoft is a substaintial retail town having a resient population of almost 70,000 persons and approximatly 190,000 within a 20km of the centre. The retail population is substaitially increased by an annual influx of tourists. The property is in a prime position on London Street North.