This property presents a unique mixed-use investment opportunity, combining a historic public house with substantial residential income potential. The Globe Inn, established around 1861 and located strategically on Lowestoft's High Street, boasts an impressive gross yield of approximately 11%, generating an annual revenue of around £56,580 from its current tenants. This includes £12,000 from the thriving ground-floor pub and approximately £44,580 from the nine upper-floor residential flats that are rented monthly for £3,715.
The building features a well-equipped kitchen, dedicated pub and restaurant areas on the ground floor, along with practical facilities such as a cellar and male and female toilets. Above, nine bedrooms are supported by communal bathrooms and a shared kitchen area; they present multiple possibilities including staff accommodation or full refurbishment into self-contained units for enhanced rental returns.
Set in a vibrant coastal town renowned for its bustling high street filled with shops and eateries, this property benefits from high footfall and excellent transport links. The Heritage Action Zone designation underscores its historical importance and adds to the investment appeal by fostering local revitalization initiatives.
With its existing revenue streams paired with significant scope for modernization or expansion, The Globe Inn stands out as an attractive opportunity for investors looking to capitalize on Lowestoft’s growth potential whilst preserving its rich heritage.
