Summary - 141 - 142 HIGH STREET LOWESTOFT NR32 1HR
1 bed 1 bath Retail Property (high street)
Cash-friendly, hands-off commercial unit in Lowestoft’s historic shopping area.
High street frontage with strong visibility and footfall
112 sq. metres open-plan retail space, versatile layout
Secure tenant from 2024 on a five-year lease
Current income £6,000 per annum, minimal day-to-day management
Leasehold tenure; only five years remaining on lease
Mortgage lenders may refuse lending due to short lease
Area classified as very deprived with very high crime levels
Includes WC, shower and practical rear access
Located on Lowestoft’s busy High Street, this 112 sq. metre open-plan retail unit offers clear frontage, steady footfall and simple, low-management income. The space includes WC, shower and rear access, making it immediately usable for a range of retail or showroom operators. The current tenant is an established furniture retailer on a five-year lease signed in 2024, providing a hands-off income stream of £6,000 per year.
This is a straightforward investment for a buyer prioritising location and ease of ownership. The Georgian façade and large shop windows give the property period character and strong street presence. Internally the unit is workable but would benefit from cosmetic upgrades or fit-out to realise higher rental potential or to attract a different operator.
There are important risks to note. The property is leasehold with only five years remaining, which may lead mortgage lenders to refuse finance. The immediate area is classified as very deprived with very high recorded crime rates — factors that can limit tenant demand and resale options in the short term.
For the long view, the property may suit a cash buyer or investor comfortable with short-lease holdings who can manage or re-negotiate lease terms, carry out modest improvements, and wait for capital appreciation in this historic high street location. The purchase price and simple tenancy make this a clear, hands-off addition to a commercial portfolio, provided the lease and local-market risks are acceptable.
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