Property Details: - Type: Mixed use - Bedrooms: 4 - Bathrooms: 0
Agent: Paul Hubbard Estate Agents - Lowestoft Phone: 01502 392944
3,000+ sq ft mixed-use freehold in a prime harbourside location, offering commercial and residential space with strong income potential once refurbished<br/><br/><b>6, 6A & 6B Pier Terrace, Lowestoft</b> - Paul Hubbard Commercial are pleased to present this fantastic mixed use investment opportunity, close to the seafront in Lowestoft town centre.<br/><br/>Arranged over four floors plus basement, the property currently comprises a ground-floor commercial unit, a spacious three-bedroom flat, a one-bedroom flat, and a basement with three rooms and toilet, together with a garage to the rear. One flat is currently let at £450 pcm, with the remainder of the building vacant and ready for refurbishment.<br/><br/>The property offers excellent flexibility for different buyers. 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. Once refurbished and fully occupied, the property is expected to generate rental income in the region of £22,000 per annum. <br/><br/>The basement could be converted into further living accommodation, used as storage, or integrated as an extension of the ground floor commercial space. At the rear, the spacious garage and on-road parking provide additional convenience, while the upper floors could remain as self-contained flats or be reconfigured into larger living accommodation for a family or staff. Refurbishment and updating is required throughout, presenting clear scope to add value.<br/><br/>Its harbourside location is a key selling point, offering attractive views and excellent visibility for commercial use, while also being within easy walking distance of the beach, seafront, town centre and train station. The combination of residential and commercial elements creates scope for multiple income streams and long-term value growth.<br/><br/>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. Viewing is strongly recommended to appreciate the scope on offer.<br/><br/>Key Information:<br/><br/>EPC Ratings: Commercial Unit (6) – E, Flat (6A) – E, Flat (6B) – E<br/>Business Rates: Ground Floor Commercial Unit Rateable Value £5,600<br/><br/><b>Disclaimer</b> - Paul Hubbard Commercial for themselves and for the vendors/lessors of this property give notice that: (1) these particulars are set out as a general outline only and do not constitute any part of an offer or contract; (2) all descriptions, dimensions, references to condition, use, and other details are given in good faith but without responsibility and should not be relied upon as statements or representations of fact; (3) interested parties must satisfy themselves as to the accuracy of all information and carry out their own investigations, including planning, rates, and services; and (4) all figures quoted are exclusive of VAT unless stated otherwise. Subject to contract and availability.<br/><br/>
