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Freehold Betting Office and Ground Rent Investment

182 London Road South, Lowestoft, Suffolk, NR33 0BB

£120,000
Commercial
About this Property
2022-12-08
120000
Traditional
Commercial
Description

Freehold Betting Office and Ground Rent Investment located at 182 London Road South, Lowestoft, Suffolk, NR33 0BB. This commercial property is let to William Hill Organization Limited on a new 15-year lease. It features a rent review to annual CPI increases in the 5th year with a cap and collar of 2.5% - 5%. Additionally, a first-floor flat has been sold off on a long lease. The property is situated on the east side of London Road South, at its junction with Clifton Road, in an established local parade close to Co-Op Food. The rental value is £10,050, and VAT is not applicable.

Location
More Information
Freehold
London Road South
Planing Authority
East Suffolk LPA
Sold Price History
18 Dec 1995Sold£50,000
01 Nov 2022Sold Lot Allsop£120,000
29 Jul 2025Withdrawn Lot Barnard Marcus Auctions£30,000
09 Sep 2025Available Lot Barnard Marcus Auctions£30,000

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