This freehold property presents a compelling mixed-use investment opportunity in the bustling High Street of Gorleston, just a short walk from the picturesque seafront. The asset comprises a spacious commercial unit on the ground floor, previously operated as a restaurant, along with an expansive three-bedroom maisonette above. Both components are currently vacant, allowing for immediate redevelopment or leasing potential.
The ground floor commercial space features a flexible layout that includes a main trading area, preparation facilities, kitchen amenities, and ample storage, including a basement level. The outdoor seating area at the rear adds further appeal for hospitality use, enhancing its attractiveness to potential tenants or business operators. Previously yielding an annual rental income of £19,300, this commercial unit is well-positioned for various retail or service-oriented ventures.
Above the shop lies a well-maintained three-bedroom maisonette offering generous living space across two levels. This flat has been recently vacated but was generating £10,500 per annum before becoming available again. It comes equipped with a fitted kitchen and comfortable lounge area—ideal for long-term rentals or conversion into holiday lets given its proximity to local amenities and the beach.
Located amidst an eclectic mix of shops and eateries on Gorleston's vibrant High Street, this property benefits from high foot traffic and a growing local population. Its strategic positioning not only promises solid rental returns but also provides options for future enhancements that could further elevate its market value. An excellent opportunity awaits investors looking to capitalize on coastal demand or homeowners seeking personal residence with additional income potential.
