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BLOCK OF FLATS / UNITS *** INVESTMENT OR WORK FROM HOME OPPORTUNITY *** RETAIL SHOP + 2 MAISONETTES + GROUND FLOOR FLAT + DETACHED COTTAGE *** 5 UNITS IN TOTAL *** ALL LET WITH APPROX 8% YIELD *** SHOP HAS A3 HOT FOOD PERMISSION *** GOOD TRADING LOCATION CLOSE TO THE SOUTH BEACH **** VIEWING ADVISED **** Here is a chance to purchase a substantial building in this prominent South Lowestoft location comprising of five lettable units including a double front retail unit, two spacious two storey maisonettes, one ground floor one bedroom flat and a unique detached one bedroom cottage along with some outside space giving potential for off road parking. All units are currently let other that 219A as this is occupied by the vendor of the building. A total income generated is approximately £31,200 pa offering a yield of approximately 8% (the income does include 219A to be let). The building has a variety of uses including the option of working from home with shop below. The vendor advises that the retail unit has got A3 planning giving permsion for hot food if required. Within a very short walik for the beach, viewing strongly recommended.
Large double display frontage, large aspect timber windows, solid exposed timber flooring, rear hall way leading to a WC.
Stairs rising to first floor.
Fitted carpet, stairs rising to second floor, double glazed sash window.
Double aspect double glazed sash style windows, fitted carpet, power points, tv point.
Vinyl flooring, range of moder white kitchen units, roll top work surfaces, built in oven and hob, large aspect window, power points.
uPVC double glazed window, power points, fitted carpet.
Fitted carpet.
Fitted carpet, power points, double glazed sash style window.
Fitted carpet, power points, uPVC sash style window.
Fitted carpet, power points, uPVC sash style window.
Shower in tiled cupbicle, low level WC, hand wash basin.
Large aspect window, vinyl flooring, white suite comprising panel bath, pedestal hand wash basin, low level WC.
No access was made to this unit but we understand this to be a one bedroom flat with bathroom and open plan kitchen.
Plumbing for washing machine, stairs rising to first floor.
Fited carpet.
Large aspect double glazed uPVC window, fitted carpet, power points, tv point.
Vinyl flooring, range of modern fitted kitchen units, roll top work surfaces, power points.
Vinyl flooring, suite comprising panel bath, low level WC, pedestal hand wash basin.
Fitted carpet, large aspect uPVC window, power points.
Laminate flooring, uPVC window, power points.
Tiled flooring, power points, large aspect uPVC windows, stairs to first floor.
Range of modern kitchen units, roll top work surfaces, power points, uPVC window, ceramic tiled flooring, uPVC door to garden,
Plumbing for washing machine, door to rear.
Fitted carpet.
Laminate flooring, uPVC window, power points.
Modern suite panel bath, low level WC, pedestal hand wash basin, velux window.
To the outside of the cottage there is an enclosed garden which gives some space for off road parking or garage space subject to planning permission.
Shop unit currently lets for £600 pcm Ground floor one bedroom flat rents for £450 pcm 221A rents for £500 pcm Detached Cottage rents for £450 pcm 219A currently occupied by the owner of the building with a potential rent of £595 pcm Total Income including 219A totals £2,600 pcm = £31,200 p.a.
Lowestoft is a seaside town located in North-East Suffolk, Lowestoft is perhaps best known for being most easterly place in the UK. With sandy beaches and many enjoyable seaside and historical walks, Lowestoft offers something for people of all ages. Lowestoft seafront provides a traditional seaside experience with Blue Flag award winning sandy beaches, Victorian seafront gardens, the Royal Plain Fountains, two piers and much more including a vast variety of places to dine and shop. The composer Benjamin Britten was born here and the seafront is said to be the inspiration for his music. Lowestoft has a rich Maritime history and offers easy access to the Norfolk Broads network of waterways which can be found at Oulton Broad.
From the Lowestoft office head south over the Bascule Bridge, continue along the seafront, at the Claremont Pier turn right, at the end junction turn right to come back on yourself in London Road South where the property can be found on the left hand side.
Name | Location | Type | Distance |
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Great Yarmouth Office - 01493 844891 | yarmouth@aldreds.co.uk • Great Yarmouth Lettings - 01493 849111 | lettings@aldreds.co.uk • Lowestoft Office - 01502 565432 | lowestoft@aldreds.co.uk • Gorleston Office - 01493 664600 | gorleston@aldreds.co.uk • Stalham Office - 01692 581089 | stalham@aldreds.co.uk
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