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Pier Terrace, Lowestoft Mixed use for sale
Pier Terrace, Lowestoft
£175,000
Pier Terrace, Lowestoft
£175,000
Our Summary
- 3,000+ sq ft mixed-use freehold in a prime harbourside location, offering commercial and residential space with strong income potential once refurbished6, 6A & 6B Pier Terrace, Lowestoft - Paul Hubbard Commercial are pleased to present this fantastic mixed use investment opportunity, close to the seafront in Lowestoft town centre
- One flat is currently let at £450 pcm, with the remainder of the building vacant and ready for refurbishment
- It could suit someone wishing to open and run a business in the ground floor unit while enjoying generous living accommodation above, or it could equally appeal to an investor seeking a strong yield by modernising and letting the building in full
- Refurbishment and updating is required throughout, presenting clear scope to add value
- The combination of residential and commercial elements creates scope for multiple income streams and long-term value growth
- Overall, this is a rare opportunity to acquire a freehold property with both lifestyle and investment potential, in one of Suffolk’s most promising coastal towns
- Basement with 3 rooms, toilet potential for conversion
- Refurbishment and updating required throughout
Description
This mixed-use freehold property, located in a prime harbourside location in Lowestoft, offers a unique investment opportunity with strong income potential. The property, which spans over 3,000 square feet, comprises a ground-floor commercial unit, three residential flats, and a basement with three rooms and a toilet. The property is currently vacant, except for one flat that is let at £450 per month, and presents a blank canvas for refurbishment and renovation. The property's flexibility makes it suitable for a variety of buyers, whether looking to run a business from the ground floor unit or invest in a rental property. With its harbourside location, the property offers attractive views and excellent visibility for commercial use, as well as being within walking distance of the beach, town centre, and train station. The property's potential for multiple income streams and long-term value growth make it a rare opportunity to acquire a freehold property with both lifestyle and investment potential.