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 currently let on a flexible lease agreement at £430 PCM, providing immediate rental income. 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 £145,000, 162 London Road South represents excellent value in a sought-after coastal location. Early viewing is highly recommended.
