This mixed-use freehold property spans over 3,000 sq ft and is situated in a desirable harbourside area of Lowestoft, presenting significant renovation and investment potential. The building comprises a ground-floor commercial space, a large three-bedroom flat, a one-bedroom flat, and a basement with three additional rooms and a toilet, as well as a garage at the rear. Currently, one of the flats is generating income at £450 per month while the rest are vacant, offering an excellent opportunity for refurbishment to maximize rental returns.
With its flexible layout across four floors plus basement, this property caters to various buyer interests. Investors can modernize the entire structure to enhance appeal and rental yield, potentially achieving around £22,000 per year upon full occupancy. The basement offers further possibilities for conversion into additional living or storage space or could complement the commercial unit’s operations.
Located conveniently near the seafront and town centre, this property benefits from high visibility for business opportunities while providing attractive views. The combination of residential and commercial units opens up multiple revenue streams and long-term value appreciation.
This unique offering invites savvy investors or entrepreneurs eager to capitalize on its potential with renovations that promise to elevate both functionality and profitability.
