Spanning approximately 0.23 acres, this property consists of several buildings, with substantial renovation work already underway on some of them. The planning permission, granted in three phases, outlines a comprehensive redevelopment strategy: Phase 1 involves converting an existing four-storey building into four ground-floor commercial studios and twelve residential apartments on the upper levels, with part of this phase already completed. Phase 2 proposes additional conversions for two ground-floor commercial spaces and six residential units above. Finally, Phase 3 targets a listed warehouse unit to create two 'live-work' spaces featuring studio commercial areas on the ground floor and two two-bedroom apartments above.
Located on Whapload Road in Lowestoft, Suffolk, this area is known for its vibrant mix of businesses and proximity to local attractions such as the Marina Theatre and the beautiful sandy beaches along the coast. With a historical background rooted in fishing, Lowestoft has shifted towards tourism and services, adding to its appeal as an investment destination. The site offers significant potential for both immediate returns through the completion of commercial units and long-term value from residential developments.
