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Our Summary
- Approved planning permission for reinstatement works
- Previously arranged as a well-sized commercial unit on the ground floor with residential flats above, the property was subject to fire damage but now presents a unique redevelopment and investment opportunity
- Planning permission has been secured for the reinstatement of the property, providing buyers with confidence that the scheme is ready to proceed
- This property represents a rare chance to acquire a centrally located freehold with the benefit of planning permission already in place
- For developers and investors, this eliminates much of the uncertainty and delay often associated with similar projects
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Description
The property is a freehold building at 144-145 High Street in Lowestoft, arranged as a commercial unit on the ground floor with residential flats above. The approved redevelopment plan reinstates the ground floor retail unit with a direct High Street frontage, open-plan sales area, and ancillary storage. The commercial unit will also feature staff welfare facilities.
Above the commercial premises, the property will accommodate one and two bedroom flats with modern kitchens, bathrooms, and open living spaces. The second floor apartments will have dormer windows, excellent natural light, and open-plan living areas, with shared circulation spaces upgraded to meet modern standards.