Summary - 118, LUMLEY ROAD PE25 3NA
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail location in bustling town center, close to the main sea front
- Large overall area of 3,840 sq.ft (356.7 sqm)
- Multi-functional: Ground floor retail with potential food use, plus disused residential space above
- Rear fenced yard with parking for at least four cars
- EPC Rating: B-49, indicating good energy efficiency
- Freehold tenure offering investment flexibility
**Summary:**
Discover a prime retail opportunity in the heart of the vibrant town center, just steps away from the picturesque sea front. This spacious 4-storey building boasts a generous retail area on the ground floor suitable for retail or food service, complemented by a versatile upper level that can be reimagined for residential use, making it ideal for significant renovation potential. With a large rear fenced yard providing parking for up to four cars, this property offers excellent convenience for customers and business operations.
Currently positioned within a high foot traffic location alongside popular amenities, this premises attracts both local and tourist clientele. Investors can capitalize on a strong letting potential; a rateable value of £19,500 enhances its financial appeal. While the building dates back before 1900, it maintains double glazing and benefits from essential electrical heating. The area, despite its challenges with high crime rates and deprivation, offers an array of community-focused amenities suited for daily life. Don’t miss the chance to secure a versatile property in a bustling market—opportunities like this are rare and won’t last long!
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