Property photos
Freehold
£150,000
(£87.21/sq. ft)
Property for sale
Bevan Street East, Lowestoft NR321,720 sq. ft
Local area information
Property location
Nearby amenities
- Lowestoft 0.1 miles
- Roman Hill Primary School 0.4 miles
- St Margaret's Primary Academy 0.7 miles
- Oulton Broad North 1.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Mixed-use investment opportunity currently generating £11,400pa.
- Ground floor commercial unit occupied by hairdresser and beautician, and upper floors occupied by long term residential tenant.
- Located in busy commercial area of Lowestoft, just a stone’s throw from the main high street and train station.
- 7.6% yield at current asking price, with potential for future rent reviews.
- Asking price of £150,000 and available to view immediately.
Mixed-use investment property with two long term sitting tenants, situated busy town centre location.
Bevan Street East, Lowestoft.
Paul Hubbard Commercial is pleased to present this centrally located, mixed-use investment opportunity situated in Lowestoft, Suffolk.
Situated on Bevan Street East, just a stone’s throw from Lowestoft train station and high street, this property comprises two tenanted units, a ground floor salon and 1st and 2nd floor maisonette.
The commercial tenant signed a 3 year lease agreement in December 2023, and is currently paying £450pcm (£5,400pa). The unit itself has a prominent frontage on a busy commercial road and has approximately 625sq ft of floorspace. The unit is well-decorated throughout, with a number of hairdressing stations, a separate treatment room at the rear of the property, as well as a WC and rear access via a small courtyard.
The residential tenant has been in situ for a number of years and currently pays £500pcm (£6,000pa), bringing the total income for the entire unit to £950pcm and £11,400pa. The maisonette is accessible from Clapham Road South and is set across two floors, with approximately 1100sq ft of floorspace. There are two large double bedrooms, a kitchen, bathroom and living room with large bay windows allowing lots of light into the property.
This property is an ideal investment opportunity which at its current asking price, represents a yield of 7.6%.
Bevan Street East, Lowestoft.
Paul Hubbard Commercial is pleased to present this centrally located, mixed-use investment opportunity situated in Lowestoft, Suffolk.
Situated on Bevan Street East, just a stone’s throw from Lowestoft train station and high street, this property comprises two tenanted units, a ground floor salon and 1st and 2nd floor maisonette.
The commercial tenant signed a 3 year lease agreement in December 2023, and is currently paying £450pcm (£5,400pa). The unit itself has a prominent frontage on a busy commercial road and has approximately 625sq ft of floorspace. The unit is well-decorated throughout, with a number of hairdressing stations, a separate treatment room at the rear of the property, as well as a WC and rear access via a small courtyard.
The residential tenant has been in situ for a number of years and currently pays £500pcm (£6,000pa), bringing the total income for the entire unit to £950pcm and £11,400pa. The maisonette is accessible from Clapham Road South and is set across two floors, with approximately 1100sq ft of floorspace. There are two large double bedrooms, a kitchen, bathroom and living room with large bay windows allowing lots of light into the property.
This property is an ideal investment opportunity which at its current asking price, represents a yield of 7.6%.
Floor plans and tours
Floor plans (1)
More information
Listed by
Paul Hubbard Commercial Ltd
View agent propertiesProperty descriptions and related information displayed on this page are marketing materials provided by - Paul Hubbard Commercial Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Paul Hubbard Commercial Ltd for full details and further information.