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Price History
Our Summary
- Basement with 3 rooms, toilet potential for conversion
- Refurbishment and updating required throughout
- 3,000+ sq ft mixed-use freehold in a prime harbourside location, offering commercial and residential space with strong income potential once refurbished 6, 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
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Description
The property is a 3,000+ sq ft mixed-use freehold building in a prime harbourside location. It spans four floors plus a basement and contains a ground-floor commercial unit, a three-bedroom flat, a one-bedroom flat, and a basement with three rooms and a toilet, as well as a garage to the rear. The ground floor unit is currently vacant, while one flat is let for £450 pcm.
The property has the potential to be fully refurbished and let, generating around £22,000 per annum in rental income. The basement could be converted into additional living space or integrated with the ground floor commercial area, and the upper floors could be reconfigured into larger living accommodation or left as self-contained flats.