High Street, Lowestoft Offers in the Region Of £295,000 + VAT

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  • Large Prominent Hotel
  • Measuring 1,193 m2 / 12,838 ft2
  • Including self contained A5 use Kebab Shop
  • Car Park to the Rear
  • Close to Town Centre
  • Established Business Area

A large prominent Hotel measuring approximately 1,193 m2 / 12,838 ft2 arranged over 3 floors. To the rear is a car parking area. Possibility of Residential Conversion (subject to planning). The building includes on the far-right hand end (north end) an A5 use Kebab shop currently paying a rent of £9,000 PAX.


Rooms

A substantial Grade II Listed Building situated in a Conservation Area.

Arranged over three floors, with the ground floor incorporating a kebab takeaway shop within the north section of the building and a surfaced car parking area to the rear. suitable for a variety of alternative uses (subject to all the necessary consents). The kebab shop is let for a term of 10 years from 23rd October 2009 at a rent of £9,000 pax

Ground Floor - 502.64 m2 / 5,408 ft2

(including part occupied by Kebab Shop)

First Floor - 456.22 m2 / 4,909 ft2

Second Floor - 234.32 m2 / 2,521 ft

Total Floor Area - 1,193 m2 / 12,838 ft2

Business Rates

Crown Hotel has a 2017 Rateable Value of £14,500. 2018/19 amount payable in the £ is 48p for rateable values under £51,000. The Kebab Shop has a separate assessment and with rates paid by the tenant.

Services

We understand that electricity, water and drainage are connected.

Tenure

Freehold

Legal Costs

Both parties will be responsible for their own legal costs.

VAT

All rents and prices are quoted net of VAT. In the event of buildings being classed as “Taxable Buildings”, or owners deciding to opt for buildings to be classed as such, all prices or rents quoted will be subject to the addition of VAT at the standard rate.


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Nearby Places

Name Location Type Distance
High Street
Lowestoft NR32 1HR
County: Suffolk
Sale Type: For Sale
Ref #: 00000793