London Road South, Kirkley, Lowestoft. Mixed use for sale

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London Road South, Kirkley, Lowestoft. Mixed use for sale

London Road South, Kirkley, Lowestoft.
£145,000

Our Summary

  • Mixed-use investment property in Kirkley, Lowestoft, comprising a tenanted ground floor commercial unit and a vacant one-bedroom flat with refurbishment potential, just moments from the seafront and local amenities
  • With excellent access to local amenities including independent shops, cafes, pubs and restaurants, it offers fantastic potential for both commercial and residential 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
  • Fantastic investment opportunity close to Lowestoft’s South Beach, pier, and amenities – offered freehold for £145,000
  • Vacant 1-bed flat requires refurbishment; includes utility room, spacious bathroom, galley kitchen, double bedroom, living room and balcony

Description

This mixed-use investment property in Kirkley, Lowestoft, offers a unique opportunity for investors. The ground floor features a well-proportioned commercial unit currently let on a flexible lease agreement, providing immediate rental income. The unit has a bright and spacious retail area, a kitchen, WC, and access to a large basement, ideal for storage or additional commercial use. The first-floor flat presents an exciting refurbishment opportunity, with accommodation comprising a ground floor utility room, a spacious bathroom, galley kitchen, double bedroom, and a bright living room with double doors opening onto a rear-facing balcony. The property benefits from high footfall, being just a short walk from the award-winning South Beach and Claremont Pier, and has excellent access to local amenities. With estimated rental income of £650-£700 PCM for the flat, this property offers strong dual income potential and is an ideal investment for buyers seeking a straightforward project.