Two light industrial units in Lowestoft up for auction

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The freehold for the units, which are both each let to established tenants on an industrial estate in Lowestoft, is due for auction next month.

The freehold to the light industrial units at 93-95 Norwich Road Industrial Estate in Lowestoft are up for auction. Image: Auction House East Anglia (Image: Auction House East Anglia)

The light industrial units – situated next to one another at 93-95 Norwich Road on the Norwich Road Industrial Estate, Lowestoft – are being marketed by Auction House East Anglia.

The online sale takes place on Wednesday, March 25.

The light industrial property, which is available on a freehold tenure, has an estimated guide price of £130,000 to £160,000 plus fees.

The freehold to the light industrial units at 93-95 Norwich Road Industrial Estate in Lowestoft are up for auction. Image: Auction House East Anglia (Image: Auction House East Anglia)

The auctioneers said: “Two adjoining light industrial units currently let providing a joint income of £14,500 per annum.

“The property comprises two self-contained industrial warehouse buildings on the same freehold title, each let to established tenants, providing an immediate, income-producing investment with potential for longer-term asset management – subject to lease terms and consents.

“Each unit is suitable for a range of trade, storage, light industrial and distribution uses – subject to any planning restrictions.

“They include open warehouse space, and ancillary areas including office/WC, depending on the unit.”

The unit at 93 Norwich Road is described as “office, preparation and storage area,” with the adjacent unit 95 Norwich Road described as “office, preparation and storage area, rear outside store shed.”





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