Summary - 271, LONDON ROAD SOUTH NR33 0DS
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location on London Road South, Lowestoft, close to the beach
- Spacious 3-bedroom apartment above the ground floor retail space
- Newly renovated condition, ready to move in or rent out
- Ground floor shop leased for 5 years at £500 per month
- Freehold property with excellent living and income potential
- Fast broadband and excellent mobile signal
- High foot traffic area, ideal for retail investment
**Potential Concerns:**
- Lease length may limit financing options as lenders could be hesitant
- High crime rate in the local area
- Property situated in a deprived area
This unique mixed-use property in a vibrant retail district presents an excellent investment opportunity perfect for both homebuyers and investors. Just a short stroll from the beach, it features an inviting three-bedroom apartment above a thriving ground-floor shop, currently generating steady income with a secure lease in place. The property's newly renovated condition minimizes immediate maintenance concerns, allowing for a seamless transition into either personal use or rental.
While the location benefits from high foot traffic and a plethora of nearby amenities, prospective buyers should note the high crime rate and a broader area of economic challenges. Additionally, the remaining duration of the shop lease may pose financing obstacles for some buyers. With the potential for further rental income from the apartment, this property combines comfort, convenience, and substantial future earning potential. Act quickly, as prime properties like this one don't stay on the market for long!
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