The property is prominently positioned on Bridge Road within the Oulton Broad area of Lowestoft. Oulton Broad is a suburb of Lowestoft centred around an expanse of water known as Oulton Broad. Bridge Road is Oulton Broad’s main shopping street and nearby occupiers include a number of eateries and bars, including Broadview Wine Bar, Flames Kebabs, the Lady of The Lake Public House, the Copper Smokehouse Restaurant, Jeckells Ship Chandlers & Sail Makers, The Waveney Public House, The Gift Shop and Redherring Wine Bar. There are two main public car parks giving access to Oulton Broad, the yacht station and parkland areas.
A detached building of traditional brick construction under a pitched tiled roof. The ground floor provides a good size retail unit with display windows to Bridge Road. There is pedestrian access in the middle of the shop via a ramped disabled access. Internally the shop is of uniform shape with a frontage of 10.31m and an overall depth of 18.53m.
To the rear of the property there is a large store benefitting from a side opening to Everitt Road where some car parking is provided. Toilets and kitchen are provided.
We have measured the property in accordance with the RICS Code of Measuring Practice and the following approximate net internal floor areas are provided:
Zone A 61.93 sq m (667 sq ft)
Zone B 62.59 sq m (674 sq ft)
Zone C 62.32 sq m (671 sq ft)
Remainder 2.37 sq m (25 sq ft)
Total 189.21 sq m (2,037 sq ft)
Area in terms of Zone A 109.10 sq m (1,174 sq ft)
Side office 14.10 sq m (152 sq ft)
Rear store 61.04 sq m (657 sq ft)
We believe that mains electricity, water and drainage are connected to the property.
A new lease is available on the property for a new lease term to be agreed at a rent of £25,000 pa. Incentives such as rent free periods would be available subject to lease terms agreed and status of the tenant.
The Valuation Office website confirms a rateable value of £38,430. With small business rates relief, rates payable will be approximately £12,580.
Strictly by appointment with the sole agent, BYCROFT COMMERCIAL, tel: 01493 844489.