Summary - 113 LONDON ROAD NORTH LOWESTOFT NR32 1LX
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prominent high street location with excellent foot traffic
- Ground floor retail space currently generating £20,000 p.a. rent
- Planning approved for 5-bedroom student HMO conversion
- Parking for 2 cars at the rear
- Surrounding amenities include major retailers and dining options
- Very high demand within student housing market in Lowestoft
**Potential Concerns:**
- Area noted for very high crime rates
- Maintenance may be required for older structures
- Small plot size limiting outdoor space
**Summary:**
Discover an exceptional investment opportunity at 113 London Road North, Lowestoft. This expansive corner property prominently features a ground floor retail space currently tenanted as a mobile phone shop, yielding an attractive rental income of £20,000 per annum. Above, the recently approved planning for a five-bedroom student HMO conversion unlocks significant potential for additional income, catering to the growing student population in the area.
Strategically located in the heart of the town center and surrounded by a vibrant mix of national retailers and amenities, this property promises both visibility and foot traffic. The property's Victorian charm complements its utilitarian structure, making it not only a viable income-generating asset but also a canvas for transformative opportunities.
However, prospective buyers should note the area's very high crime rates and the potential need for maintenance due to the building's age. With ample potential for reconfiguration and expansion, this offering is a rare find in the bustling retail environment of Lowestoft—act quickly to secure this unique prospect!
Residential development for sale in 113 London Road North, Lowestoft, Suffolk, NR32 — £115,000 • 5 bed • 1 bath • 1528 ft²
High street retail property for sale in London Road South, Lowestoft, NR33 — £450,000 • 1 bed • 1 bath • 7233 ft²
High street retail property for sale in London Road North, Lowestoft, NR32 — £190,000 • 1 bed • 1 bath • 1320 ft²
High street retail property for sale in High Street, Lowestoft, NR32 — £85,000 • 1 bed • 1 bath • 1204 ft²
High street retail property for sale in 113 London Road North, Lowestoft, Suffolk, NR32 — £250,000 • 1 bed • 1 bath • 1291 ft²
High street retail property for sale in London Road South, Lowestoft, Suffolk, NR33 0DS, NR33 — £225,000 • 1 bed • 1 bath • 1798 ft²
