No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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17 bedroom block of apartments

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Block of apartments
17 bed
21 bath

Key information

Tenure: Freehold
Council tax: Band A
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Freehold
  • Investment Opportunity
  • Yield Approximately 6%
  • 20 Flats & 1 Detached Bungalow
  • Conservation Area
  • Walk To Award Winning Promenade
  • Scope For Remodelling To Provide More Accommodation
  • Huge Potential For Serviced Apartments For Wind Farm Contractors
A unique and rare opportunity to purchase one of Lowestoft‘s iconic buildings, situated approximately 100m from the award winning promenade, ‘first light‘ beach and sea. This amazing investment opportunity provides 20 Flats (10x 1 bedroom, 7 x studios and 3 x 2 bedroomed) together with a 1 bedroomed detached bungalow to the rear all providing a yield of approximately 6%. Demand for the units is at premium as Lowestoft has become the leading area in the UK for renewable energy and it’s subsidiary’s, together with the CEFAS laboratory. With these industries providing a constant stream of professional tenants. Home to the renowned annual 'first light festival' held over the summer solstice which attracts artists and cultural programs from all over the country. On the doorstep is Oulton Broad the gateway to the Norfolk Broads National Park and and with the gorgeous market towns of Southwold and Beccles all being within easy access. A truly unique and rare opportunity, where an early inspection is highly recommended to avoid any disappointment.

Rooms

Agents Note
Each unit is individually rated with a council tax band of A

Flat 1
A fully self-contained 1 bedroomed flat.

Flat 1a
A fully self-contained studio flat.

Flat 2
A fully self contained 1 bedroomed flat.

Flat 3
A fully self-contained 1 bedroomed flat.

Flat 4
A fully self-contained studio flat.

Flat 5
A fully self-contained studio flat.

Flat 6
A fully self-contained 1 bedroomed flat.

Flat 7
A fully self-contained studio flat.

Flat 8
A fully self-contained 1 bedroomed flat.

Flat 9
A fully self-contained 2 bedroomed flat.

Flat 10
A fully self-contained 1 bedroomed flat.

Flat 11
A fully self-contained 1 bedroomed flat.

Flat 12
A fully self-contained 2 bedroomed flat.

Flat 13
A fully self-contained 1 bedroomed flat.

Flat 14
A fully self-contained studio flat.

Flat 15
A fully self-contained studio flat.

Flat 16
A fully self-contained 1 bedroomed flat.

Flat 17
A fully self-contained studio flat.

Flat 18
A fully self-contained 1 bedroomed flat.

Flat 19
A fully self-contained 2 bedroomed flat.

Bungalow 20
A fully self-contained detached 1 bedroomed bungalow

Agents Note
Photographs of the beach and promenade are taken approximately 200m form the building

Disclaimer
Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above. Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Places of interest

    Lowestoft is the most easterly town in the United Kingdom and enjoys a reasonable level of tourism in the summer months with a large number of local tourist attractions including Pleasurewood Hills, Africa Alive and Somerleyton Hall and Gardens. The nearest city to Lowestoft is Norwich which is approximately 30 miles inland and is linked to it by road and rail. It’s also the home of our nearest airport, Norwich International. London is a little over 100 miles away.

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    *DISCLAIMER

    Property reference HOW038505391. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Howards Estate Agents - Lowestoft.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.