Summary - 5, TOWER ROAD NR33 7NG
1 bed 1 bath Commercial Property
Massive site with rental income and 1.2 acres of developable land, subject to planning.
Pair of steel portal-frame units totalling 1,575 sqm (17,048 sq ft)
A substantial trade-counter warehouse investment in Lowestoft occupying 1,575 sqm (17,048 sq ft) across a 2.14-acre site. The pair of steel portal-frame units benefit from good eaves height (min. 6m), roller shutters, a concrete forecourt for parking and loading, and combined rents of £79,800 per annum. The site includes approximately 1.2 acres of unsurfaced land with potential for development subject to planning consent, offering clear upside for an investor or operator that can secure planning.
The property is well located adjacent to Gateway Retail Park and B&M, giving strong retail and trade connectivity and a concentration of trade occupiers and amenities nearby. It is offered for sale at £500,000 on a leasehold basis — attractive headline price given the scale and rental income, but buyers should factor in the leasehold tenure when evaluating long-term control and cost.
Notable negatives are straightforward: the estate sits in a deprived area with above-average crime, the exterior shows signs of wear and will need repair or maintenance, and any redevelopment of the 1.2-acre parcel will require planning consent. These issues affect occupational and redevelopment risk and should be weighed against the income and land-bank potential. Overall, this is a high‑scale industrial/commercial opportunity suited to investors or owners with experience in asset management and planning-led value enhancement.
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