Summary - 115, LONDON ROAD NORTH NR32 1LZ
1 bed 1 bath Retail Property (high street)
Large freehold unit with income and conversion upside near transport links.
- Freehold high-street building with two floors, approx 2,781 sq ft
- Ground floor currently let to a national bookmaker, providing income
- Rare off-street parking included for a town-centre property
- Network and power points installed throughout both floors
- Flexible layout suitable for offices, studios or conversion (consents needed)
- Exterior wear present; property requires maintenance and refurbishment
- Located in a very deprived area with very high local crime levels
- Excellent transport links: station, bus, A47/A12 and nearby port
This substantial mid-20th century high street building in central Lowestoft offers clear income and repositioning potential for an investor or developer. Presented as a freehold retail property with two substantial floors and a total area around 2,781 sq ft, the ground floor is currently let to a national bookmaker, providing immediate rental return while upper floors offer flexible workspace or conversion scope (subject to consents).
Practical strengths include rare off-street parking in the town centre, full network and power points throughout, and excellent transport connectivity—within easy walking distance of Lowestoft railway station, bus services, and arterial routes to Norwich and Great Yarmouth. The property sits beside the town’s Cultural Quarter regeneration area and a dense local retail and leisure offer, supporting future footfall and lettings.
Buyers should note material local-market factors: the location sits within a very deprived area with very high local crime levels, which will influence tenant mix, rental values and insurance costs. The building shows exterior wear and requires maintenance and refurbishment to realise higher rents or residential conversion potential; planning and building-regulation approval would be needed for change of use.
Overall this is a value-led opportunity for an investor seeking town-centre rental income with upside from refurbishment or reconfiguration. The freehold price reflects the need for works and the local market context, making it suitable for purchasers comfortable with hands-on asset management and refurbishment risk.
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