Vacant mixed-use property in Kirkley, Lowestoft, comprising a ground floor commercial unit and a vacant one-bedroom flat with refurbishment potential, just moments from the seafront and local amenities.
162 London Road South, Kirkley, Lowestoft. - Paul Hubbard Commercial is delighted to bring to market this attractive mixed-use freehold property, located on the ever-popular London Road South in the heart of Kirkley, Lowestoft.
Just a short walk from the award-winning South Beach and Claremont Pier, this property benefits from high footfall, especially during the bustling spring and summer seasons. With excellent access to local amenities including independent shops, cafes, pubs and restaurants, it offers fantastic potential for both commercial and residential income.
The ground floor features a well-proportioned commercial unit which has recently become vacant. The unit includes a bright and spacious retail area, a kitchen, WC, and access to a large basement, ideal for storage or additional commercial use, subject to any necessary consents.
Accessed via a separate entrance, the first-floor flat presents an exciting refurbishment opportunity for investors. Accommodation comprises a ground floor utility room, a spacious bathroom, galley kitchen, double bedroom with views over the vibrant high street, and a bright living room with double doors opening onto a rear-facing balcony.
The flat also includes a courtyard to the rear of the property, ideal for additional storage or an area for occupants to relax and unwind. The courtyard can also be used as off street parking, with enough space for 2 vehicles.
Once renovated to a good standard, the flat has strong rental potential, with an estimated income of £650–£700 PCM.
This property is an ideal investment for buyers seeking a straightforward project with dual income potential. Offered freehold at £135,000, 162 London Road South represents excellent value in a sought-after coastal location. Early viewing is highly recommended.
Disclaimer - Paul Hubbard Commercial for themselves and for the vendors/lessors of this property give notice that: (1) these particulars are set out as a general outline only and do not constitute any part of an offer or contract; (2) all descriptions, dimensions, references to condition, use, and other details are given in good faith but without responsibility and should not be relied upon as statements or representations of fact; (3) interested parties must satisfy themselves as to the accuracy of all information and carry out their own investigations, including planning, rates, and services; and (4) all figures quoted are exclusive of VAT unless stated otherwise. Subject to contract and availability.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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