The Globe Inn presents a unique investment opportunity in the heart of Lowestoft, situated on the bustling High Street, recognized as a Heritage Action Zone. This historic pub, established around 1861, boasts a solid rental income from both the ground-floor pub space and well-appointed residential accommodations above. Currently, the pub generates approximately £12,000 annually, while the nine upper-floor bedrooms provide a stable monthly income of £3,715—totaling to an impressive £56,580 per year.
The property features a spacious ground-floor area dedicated to pub and restaurant operations, complete with a fully equipped kitchen suitable for diverse culinary offerings. The presence of separate male and female restrooms enhances functionality for patrons. On the upper floors, nine bedrooms share communal bathrooms and a shared kitchen, offering flexibility for various usage scenarios such as staff accommodation or rental lettings.
Significantly positioned along the High Street with constant foot traffic and proximity to local amenities—including shops and public transport links—the Globe Inn embodies both historical allure and substantial modern potential. With some renovation efforts aimed at modernizing facilities or possibly converting rooms into self-contained units, this property could greatly increase its revenue-generating capabilities. The investment not only fosters immediate financial returns but also aligns with ongoing revitalization initiatives in this vibrant coastal community.
