Summary - 113, LONDON ROAD NORTH NR32 1LX
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime rental income: £20,000 p.a. with a gross return of 8%
- Double fronted ground floor shop strategically located in Lowestoft's bustling town center
- Leasehold with an extensive 999 years remaining
- Close proximity to popular retailers including Marks & Spencer, Tesco, and Starbucks
- Excellent mobile signal and fast broadband connectivity
- Current tenant has a secure 10-year lease, commencing August 2024
**Potential Downsides:**
- High crime rate in the surrounding area
- No garden or outdoor space for additional use
- VAT is applicable to the property
**Summary:**
This exceptional retail investment opportunity is located in the bustling heart of Lowestoft, offering guaranteed rental income of £20,000 annually, equating to an impressive gross initial yield of 8%. The double fronted shop features appealing modern lighting and is primed for diverse retail uses, making it an attractive prospect for investors seeking stable returns in a thriving commercial district. With a secure, long-term tenant in place for the next decade and a leasehold of 999 years, you can enjoy peace of mind while benefitting from the area's high foot traffic.
Positioned near notable neighbors such as Tesco Express and Superdrug, this property promises visibility and accessibility in a vibrant community with great potential for growth. While the location's high crime rate and lack of outdoor space may raise concerns, the attractive rental yield and commercial viability make this property a compelling investment for savvy buyers. Don’t miss out on this opportunity to secure a foothold in a key urban area—properties like this don’t stay on the market for long!
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