Description
LOCATION
The property is prominently positioned on Alexandra Road which is a mixed use area containing commercial offices and residential property positioned half a mile north west of Lowestoft town centre which is easily accessible via a short walk. The A12 passes close by.
Other nearby occupiers include The Veterinary Surgery, S R Insurance Services, Petrogramme Management Services and Fosters Solicitors.
DESCRIPTION
A substantial detached office building comprises the original Georgian property to the front with a connected modern two storey block to the rear constructed in 1987.
The offices are cellular in nature providing good quality space with high ceilings, customer facing reception area, staff areas, toilets and kitchens.
The property has gas central heating throughout with comfort cooling provided in the server areas. The property is predominately carpeted with window blinds and a mix of fluorescent and spotlighting.
Importantly the property occupies a self-contained site upon which there is generous car parking to the side and rear for up to 18 vehicles.
Further to the rear, and accessed via a boundary gate interconnecting with the main property, there is a single storey converted garage block, which has been previously used as an archive store and there is additional parking here for approximately 6 further vehicles.
ACCOMMODATION
We carried out a measured survey confirming the following gross internal floor areas:
Front building – ground floor 166.56 sq m
Front building – first floor 113.84 sq m
Rear building – ground floor 81.23 sq m
Rear building – first floor 82.04 sq m
Basement – not measured
External archive store 101.61 sq m
TOTAL 545.28 sq m (5,870 sq ft)
SERVICES
We believe that mains gas is connected to the building providing central heating via boilers located in the basement. Mains water and drainage is also connected as well as a 3 phase electricity supply.
TERMS
The property is available on new lease terms to be agreed at a rent of £42,500 pa. Alternatively the owners of the premises may consider a freehold sale at a price of £495,000.
OUTGOINGS
The property is assessed as Offices and Premises with a rateable value of £30,500 therefore rates payable will be approximately £15,000.
OTHER
AGENT'S NOTE
This property would also lend itself to a potential residential redevelopment – subject to planning – please make your own enquires with East Suffolk Council Planning Department on 01394 444557.
VIEWING
Strictly by appointment with the sole agents, BYCROFT COMMERCIAL: tel: 01493 844489 or email: db@bycroftestateagents.co.uk.