Exciting, innovative and partially completed mixed-use development with 25x separate units.

Full Description - Paul Hubbard Commercial Ltd are proud to be instructed to market an exciting development in Lowestoft, Suffolk.

Situated on Whapload Road in Lowestoft's former Beach Village, the development is currently partially complete, so we are keen to find a buyer who is able to complete the work and help the property fulfil its incredible potential.

The site will consist of 12x two-bedroom apartments, 6x one-bedroom apartments, 2x grade two listed semi-detached houses and 5x commercial units, all finished to a high standard.

The development is located in an area of Lowestoft which is ready for significant growth, and has recently seen investment into key areas which will help improve the area and contribute to it becoming a residential, commercial and tourist hub in the future.

The apartments will be perfect for first time buyers, buy to let investors or even rented out as holiday lets. A number of the apartments boast a beautiful sea view and are just a stone's throw from a picturesque and peaceful beach, Lowestoft's "North Beach". As well as easy access to the beach, the properties are just a short stroll from the town centre, train and bus stations, and a range of bars, restaurants and other amenities. Based on current market rates, we have estimated the GDV for the development once completed will be £3,980,000. More in depth figures can be made available upon request.

Lowestoft itself has recently benefitted from government funding to help regenerate the area, and this property is perfectly positioned to benefit from a number of these initiatives.

Immediately across from the development is an area which has benefitted directly from this funding is a new park: The Ness. Lowestoft's newest park will improve access, knowledge, participation and enjoyment of North Lowestoft and its unique maritime heritage. The Ness will be naturally landscaped to maintain its heritage features with cycling and pedestrian access to the sea wall and the coastal path. There is an ambition to develop a landmark sculpture at Ness Point to draw visitors and tourists from around the country to Lowestoft and turn UK's most easterly point into an iconic visitor destination.

As well as The Ness, the development is situated very close to Lowestofts PowerPark. PowerPark comprises 24.7 hectares of employment land. PowerPark offers port related facilities and builds upon Lowestoft's international position within the offshore renewables, oil and gas industry. It is home to several offshore related companies and to OrbisEnergy which was built by Suffolk County Council in 2008. The state-of-the art building has been developed to be the premier location for ambitious companies looking to harness opportunities in offshore wind, wave and tidal technologies. This growing cluster of energy-related uses and activities will increase the long-term contribution of PowerPark to the development of the internationally significant energy sector across the East of England.

This project is the perfect catalyst to boost employment and high skilled roles within the local area, which will then have a considerable impact on the residential and commercial areas nearby.

Lowestoft has also invested hugely into it's flood defence system in recent years. The project aims to reduce the risk of flooding from the sea, rivers and from extreme rainfall. When finished in 2023, it will support the economic growth and regeneration of Lowestoft and reduce the risk of flooding to existing homes and businesses, in particular around the area from the Outer Harbour entrance through Lake Lothing to the A1117 Bridge Road crossing and Mutford Lock, which forms the boundary with Oulton Broad. The works will include a new tidal barrier and raised new or improved flood walls.

These are just a few of the reasons why Lowestoft is a town worth investing in, and one which we feel will continue to see huge strides forward in the coming years in terms of both commercial and residential opportunities.

We truly believe this is a unique opportunity for an investor to directly contribute to the growth of a community, which will have a positive impact on both the residents and businesses of Lowestoft for years to come.

There is also great financial rewards for taking on and completing this project, as we believe once completed the site will be worth almost £4,000,000 when sold as individual units. At the current asking price of £1,350,000, this represents a fantastic return on your investment.

With other investments taking place in nearby areas, we only see this figure going up so now is the time to act.

For more information on the site, to arrange a viewing or to obtain any documents relating to the planning permission of the development, please get in touch.

Location - This property is located in Lowestoft, an English coastal town that is situated on the edge of the Norfolk broads; it is the most easterly point of the British Isles. Home to Blue Flag award winning sandy beaches with stunning and historical Victorian seafront gardens, the Royal Plain Fountains, two piers and independent eateries. There are a number of fantastic schools in the area to suit all ages, A Bus Station and Train Station which both run regular services to Norwich and surrounding areas. Lowestoft is 110 miles north-east of London, 38 miles north-east of Ipswich and 22 miles south-east of Norwich.

Services - Electric heating to all commercial units. Mains drainage.

Viewing - Strictly by appointment only.

Rates - TBC.

Legal Costs - Buyer pays for own legal costs.

Service Charge - TBC.

Parking Notes - On street parking.

Planning - A1 Shops - Shops, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.

A2 Financial and professional services - Financial services such as banks and building societies, professional services (other than health and medical services) and including estate and employment agencies. It does not include betting offices or pay day loan shops - these are now classed as "sui generis" uses.

B1 Business - Offices (other than those that fall within A2), research and development of products and processes, light industry appropriate in a residential area.

B2 General industrial - Use for industrial process other than one falling within class B1 (excluding incineration purposes, chemical treatment or landfill or hazardous waste).