Commercial Property for sale

Mixed-use freehold investment opportunity comprising a vacant ground floor retail unit and a separate two-bedroom flat producing £700 pcm, offered with excellent asset management potential.
4 Carlton Road, Kirkley, Lowestoft. - Paul Hubbard Commercial are delighted to bring to market this attractive mixed-use freehold investment opportunity, occupying a prominent position on Carlton Road in South Lowestoft.
The property comprises a vacant ground floor retail unit with a self-contained two-bedroom flat above, offering excellent potential for investors looking to add value through refurbishment and reletting.
The ground floor extends to approximately 538 sq ft (50 sq m) and comprises a bright front retail area, rear kitchen/storage space, lean-to, and WC. Whilst currently vacant and requiring a programme of refurbishment, the unit offers an excellent opportunity to improve the accommodation and secure a new commercial tenant. The property has an EPC rating of C and a rateable value of £4,300.
Accessed independently from the front, the first floor provides a well-proportioned two-bedroom flat extending to approximately 474 sq ft. The accommodation comprises an open-plan living area with fitted kitchen, two bedrooms, shower room and useful storage. The flat is currently let on a periodic tenancy at £700 per calendar month (£8,400 per annum), providing an immediate income stream. The flat has an EPC rating of D.
Offered for sale with the benefit of residential income already in place and vacant possession of the commercial unit, this property presents an excellent opportunity for investors.
Following refurbishment, the commercial unit is considered capable of achieving a rent in the region of £500 - £550 pcm, allowing a purchaser to increase the overall rental income whilst enhancing the long-term value of the asset.