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167-168 High Street, Lowestoft, Suffolk NR32 1HU
£400,000

Our Summary

  • FOR SALE BY LIVESTREAM AUCTION ON THURSDAY WEDNESDAY 18TH JUNE AT 10AM
  • For sale by livestream auction

Description

A valuable commercial investment opportunity is up for sale through a livestream auction on June 18th. The property is a long-established Beatles-themed restaurant and bar, known as Sgt Peppers, which has been trading for over 42 years in a high-profile town centre location. The business produces £52,000 per annum in rental income from a 20-year full repairing and insuring lease, with 10 years remaining. The property comprises a ground-floor bar and restaurant, a basement bar, a first-floor managers' flat, and two self-contained flats on the second floor. The property has a C EPC rating and is eligible for 100% business rates relief due to its rateable value being below £12,000. Viewings are available by appointment only, and the property is being sold with a freehold tenure. The sale is subject to an administration fee, buyer's premium fee, and disbursements, which will be detailed in the legal pack.