6948 sq. ft (645 m²)
Description
66-77 London Road South, Lowestoft. - Paul Hubbard Commercial are delighted to present a fantastic commercial investment opportunity, situated on busy London Road South in Lowestoft.
The premises comprises a substantial mixed-use property situated in a prominent position on one of Lowestoft's main commercial areas.
The property consists of a former car showroom with a large workshop area, multiple offices and ancillary accommodation at ground floor level, together with one self-contained residential flats above across two floors. The flat is currently vacant and requires full refurbishment, presenting an opportunity for improvement and potential value uplift.
The ground floor commercial element provides extensive showroom space to the front with a large workshop to the rear, in addition to several private offices, WCs and supporting areas. The layout offers flexibility and may lend itself to subdivision, allowing the premises to be occupied by multiple businesses or let as separate commercial units, subject to any necessary consents.
Externally, the site benefits from ample parking and yard space to both the front and rear of the property, together with a separate brick-built storage unit located at the rear. The rear of the site is accessed via St John's Road, while the main frontage and customer access is from London Road South, providing excellent accessibility and operational flexibility.
The property occupies a busy and highly visible location benefiting from strong levels of passing traffic and footfall. It is within walking distance of Lowestoft town centre, the beach, the train station and the main high street, making it suitable for a wide range of commercial uses including motor trade, retail, trade counter, leisure or alternative business uses.
The overall site extends to approximately 15,495 sq ft (0.36 acres) and may offer development potential subject to planning permission. The commercial premises have a rateable value of £44,750 and an EPC rating of E, with the residential EPCs to be confirmed. The freehold interest is available for £375,000
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