Pet shop near Lowestoft town centre fails to sell at auction

The long serving All Pets shop in Lowestoft was due to be "sold with vacant possession" as a mixed use property when it was auctioned off.

The  mixed use property on Bevan Street East in Lowestoft "has been a pet shop for many years" as it was marketed by Auction House East Anglia.

The pet shop at 116 Bevan Street East, Lowestoft failed to sell at auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

The pet shop at 116 Bevan Street East in Lowestoft was due to be sold at an online auction with a minimum guide price of £80,000 to £100,000 plus fees.

With the mixed use property being sold on a freehold tenure, the description from the auctioneers stated: "A freehold shop with deceptively large accommodation located in a prime retail area, with rear access to private enclosed parking.

"The ground floor shop has over 1,500sq ft of space including rear garaging and parking.

The pet shop at 116 Bevan Street East, Lowestoft failed to sell at auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

"There is a dry basement and numerous storage areas.

"The shop has been a pet shop for many years but is to be sold with vacant possession.

"This high footfall location could be used for a variety of alternative uses or developments (subject to planning).

"The property is being sold freehold subject to the sale of the first floor flat which has been sold on a long lease with a ground rent income of £150 pa."

According to the auctioneers, the property consists of the "main shop and retail areas, storage rooms, kitchen/staff area and w.c." on the ground floor.

The auctioneers said that the "first floor flat has been sold on a 999-year lease subject to a ground rent income of £150 pa (not inspected)."

But following the auction, the auctioneers said that "the bidding reached £95,000", however 116 Bevan Street East in Lowestoft was "unsold" at the auction.