Seafront mixed-use business with bar, tea rooms and letting potential.
Direct seafront Esplanade location with beach access and sea-view balconies
Established tea rooms — fully equipped and offered as a going concern
Basement Kraken Bar with regular music acts and existing local following
Top floor partly fitted with three en suite rooms for short-lets or conversion
Owners’ accommodation with balcony and high-ceilinged lounge
Large rear patio garden, off-street parking and detached double garage
Built before 1900 — solid brick, likely no cavity insulation, needs upgrades
Medium flood risk; area records very high crime and high deprivation
Situated directly on Lowestoft’s Esplanade, this Victorian mid-terrace freehold combines an established tea room, a basement music bar and multi-storey private accommodation with clear income potential. The ground-floor tea rooms are offered fully equipped and partially furnished, while the basement Kraken Bar already hosts regular musical acts and has a local following — useful for an owner-operator or investor seeking an operational business. Off-street parking, a detached double garage with mezzanine, and a large rear patio garden extend commercial and guest-use space.
The top floor has been partially adapted with three en suite rooms and an additional bathroom, ready for short-let income or further conversion into self-contained units (planning checks advised). The owners’ first-floor apartment includes a balcony with sweeping sea views, a sizable lounge and a fitted kitchen with a Leisure Range cooker — a comfortable on-site residence or manager’s flat.
Buyers should note material and location factors plainly: the building dates from before 1900, has solid brick walls (likely uninsulated), visible roofing wear and will require ongoing maintenance and potential upgrade works (insulation, periodic repairs). There is a medium flood risk rating and the immediate area records very high crime and high deprivation; these impact insurance, security needs and certain occupier markets. The property is offered at a reduced price and presents a realistic redevelopment or business-growth opportunity for buyers prepared to invest in refurbishment and security.
Overall this is a high-potential seaside business with mixed commercial/residential uses: attractive to investor/operators who can manage on-site trading, market short-lets, and budget for building works and enhanced security measures. Viewing advised to assess trading fit, conversion potential and running costs in person.
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