Guide price
£125,000
Industrial for saleOne Stop, 137 Oulton Road, Lowestoft, Suffolk NR32
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 10 Dec 2025 at 10:00
Venue: Livestream Auction
A valuable commercial investment currently let to One Stop Shops. Income currently £13,000 pa (holding over)
This prominent commercial investment property is currently occupied on a rolling tenancy producing £13,000 pa, There has however been an agreement to create a new 15 year lease with a new rent agreed of £15,500 pa. This has not been finalised and purchasers would need to pick up with these negotiations following purchase. This property comprises a ground floor convenience store, totalling approximately 141 sqm (1,510 sq ft) and a self contained three bedroom flat above.
The property is entirely let to One Stop Stores Limited, a subsidiary of Tesco Plc since 2003. It is situated in a predominantly residential area, benefits from off-street car parking to the front.
Accommodation
One Stop convenience Store including storage. First floor flat comprising hall, kitchen, lounge, inner hall, three bedrooms, bathroom.
VAT
VAT is not applicable to this lot.
Tenancy Information
One Stop Community Stores Ltd are wholly owned by Tesco plc ()
Lease Length
15 years from 1 March 2009 until 28 February 2024.
Business Rates and Council Tax
Business Rates: 1 April 2023 to present: £9,900
Council Tax: A
EPC Rating: B, E
Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
A valuable commercial investment currently let to One Stop Shops. Income currently £13,000 pa (holding over)
This prominent commercial investment property is currently occupied on a rolling tenancy producing £13,000 pa, There has however been an agreement to create a new 15 year lease with a new rent agreed of £15,500 pa. This has not been finalised and purchasers would need to pick up with these negotiations following purchase. This property comprises a ground floor convenience store, totalling approximately 141 sqm (1,510 sq ft) and a self contained three bedroom flat above.
The property is entirely let to One Stop Stores Limited, a subsidiary of Tesco Plc since 2003. It is situated in a predominantly residential area, benefits from off-street car parking to the front.
Accommodation
One Stop convenience Store including storage. First floor flat comprising hall, kitchen, lounge, inner hall, three bedrooms, bathroom.
VAT
VAT is not applicable to this lot.
Tenancy Information
One Stop Community Stores Ltd are wholly owned by Tesco plc ()
Lease Length
15 years from 1 March 2009 until 28 February 2024.
Business Rates and Council Tax
Business Rates: 1 April 2023 to present: £9,900
Council Tax: A
EPC Rating: B, E
Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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