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Freehold Retail Investment

Lowestoft, NR32 - Get Access

Description

The property comprises a freehold retail investment unit arranged on the ground floor, providing approximately 1830 sq ft (170 sq m) of floor space. The property is prominently situated on the east side of the pedestrianised London Road North, which serves as Lowestoft's principal retailing thoroughfare. The location is approximately 300 metres from Lowestoft Railway Station and within walking distance of The Britten Centre, benefitting from strong footfall and surrounding national occupiers including Specsavers (situated adjacent), Tesco Express, Vision Express, Holland & Barrett, Starbucks, and Sports Direct. The property is let to Cards Direct Retail Limited on a 15-year lease from 29th September 2016 until September 2031 without breaks, producing a current rent of £37,500 per annum exclusive.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,830 sq ft (Listing)

This ground-floor retail investment unit on Lowestoft's primary pedestrianised shopping street was valued using a commercial income capitalization approach. The calculation links the secure £37,500 annual passing rent under a long-term corporate lease to prevailing regional retail yields. Internal floor area of 1,830 sq ft is sourced from marketing details, with condition assessed at a fair 6/10 due to minor superficial wear on the shop fascia.

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