Waveney Drive, Lowestoft
£175,000 (Tenant Fees)

*** Investment Opportunity – Two Properties – Waveney Drive, South Lowestoft ***
Aldreds are delighted to offer this unique investment opportunity to purchase two semi-detached properties at numbers 32 and 34 Waveney Drive, South Lowestoft, included within one combined asking price. Both properties date from the 1930s and are currently uninhabitable, requiring considerable renovation and refurbishment throughout. Offering potential for investors and developers, the properties each benefit from a rear garden, while number 34 also boasts an additional side garden, presenting potential for further development, subject to the necessary planning permissions. Conveniently located in South Lowestoft, the properties are within walking distance of local amenities and Lowestoft’s popular beaches. Cash buyers only. Early enquiries and viewing arrangements are strongly recommended to appreciate the potential this opportunity offers.

The Opportunity
Great chance to purchase 2 unhabitable semi detached homes. The opportunity would be to develop the existing buildings or redevelop the site.

The Location
The properties are located in South Lowestoft being in a desirable position within walking distance of local amenities and South Lowestoft beach.

Viewing Arrangements
The properties are classed as unsafe for internal viewings so please call the Aldreds office and we can arrange to meet you on site.

Suitable Buyers
Due to the condition of the properties and the amount of work required we are asking for cash buyers only.

Conclusion
The listing comprises two properties, Nos. 32 and 34 Waveney Drive, being offered for sale as an exciting development opportunity. The site offers a range of possibilities, including the refurbishment and improvement of the existing buildings, their reconfiguration, or the comprehensive redevelopment of the entire site. Potential options could include creating one substantial detached residence, retaining the properties as two semi-detached homes, or demolishing the existing buildings to facilitate a complete redevelopment, subject to the necessary planning permissions and consents. This represents an attractive opportunity for developers, investors or private purchasers seeking to maximise the potential of the combined site.

Overage Clause
Please note there is no overage clause on the existing buildings but an overage clause will come in to place if the site is redeveloped.