Freehold shop with two flats potential for significant rental income

Valuable freehold mixed use investment with a potential yield in region of £20,000pa Situated in a prominent position, this mixed use property comprises of a convenience shop on the ground floor with an informal tenancy producing £1,000pcm and two first floor self-contained first floor flats. Currently these require updating however, once modernised could produce a significant rental income. The property is within easy access of the sea front and town centre, where there is a wide range of useful amenities and shops. Lowestoft is also well served by public transport, having a railway station and bus service to all major local centres.

Tenure

Freehold

Description

Ground Floor

Retail area, staff room, storage corridor and loading bay (109.1sq/m).

First Floor

Flat A - Lounge, kitchen, bathroom, two bedrooms. Flat B - Lounge, kitchen, bedroom, bathroom.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating D, E, G

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Waveney District Council. Tel: 01502 562111

Solicitors

Soma and Co, 34 Eastcote lane , South Harrow HA2 8DB, Ref: Mrs Soma, Tel: 020 8423 0203

Additional Fees

Buyer's Premium - £1,800 (£1,500 + VAT) payable on exchange of contracts

Administration Charge - £720.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.