This property is no longer on the market
9 bedroom block of apartments
Key information
Property description & features
- Potential yield of 7.8%+
- Rental income from 7x one-bedroom apartments, 1x two-bedroom apartment and two commercial units
- Chance to own an iconic building, made famous by Banksy's "Crowbar Sandcastles" mural from 2021.ndcastles" mural from 2021.
- Town centre location
- 2 Commercial Units and 8 Flats
- Close to local amenities
- High quality fittings throughout, large walk-in showers, UPVC double glazed sash windows, all with modern kitchen diners.
- Perfect apartments for first time buyers, buy to let investments, holiday homes and more.
- Two commercial units on the ground floor, one with a long term tenant and ready for a tenant in 2023.
- More photos coming soon
Location - This building is located in the centre of the English coastal town Lowestoft, it is the most easterly point of the British Isles. Home to 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.
127 London Road North - A unique opportunity has arisen to purchase an iconic property in Lowestoft town centre, 127 London Road North.
In 2021, this property received nationwide coverage following a visit from the world famous street artist Banksy, who left his mark on the building with his "Crowbar Sandcastles" mural. The artwork attracted thousands of visitors to the area, which in turn helped boost the local economy and put London Road North well and truly on the map.
Since then, the property has been completely redeveloped to a fantastic standard, now boasting 8 self contained apartments and 2 ground floor commercial units.
Set across 3 floors and looking out on to the thriving town centre of Lowestoft, this property is a fantastic investment opportunity for anyone looking to grow and diversify their portfolio with both residential and commercial properties.
The property is located just a stone's throw from Lowestoft bus station, train station, and all local amenities you could ever need are right on your doorstep. Lowestoft's famous South Beach is just round the corner which offers up beautiful sandy beaches, stunning views and a large array of excellent restaurants, bars and pubs to relax in.
Being in the town centre, these apartments would suit professionals working in Lowestoft town centre as most businesses are easily accessible from here, however being based so close to bus and train stations enables people to travel a little further afield if needs be.
These apartments will be finished in early 2023 so we would strongly advise reserving yours now. Floorplans and EPC ratings for each unit are available upon request, and will be included in each individual listing as and when they come to market.
Description - Residential:
Each apartment is laid out slightly differently, however they all come with a high spec finish, and include the following.
Kitchen
Carpet and lino flooring, UPVC sash windows, laminate work surfaces with storage cabinets above and beneath, Lamona electric oven and fitted hob, stainless steel sink and drainer with mixer tap, white splashback tiles, space for washing machine/tumble drier, electric heaters/radiators and ceiling spotlights.
Bathroom
Tiled flooring, white ceramic toilet, white ceramic hand wash basin with stainless steel mixer tap, electric heated towel rail, large walk-in shower with tiled walls, glass doors and Gainsborough electric shower
Bedrooms
UPVC sash windows....
In total, the building includes 7x one bedroom apartments and 1x two bedroom flat.
Commercial:
There are currently two commercial units on the ground floor of the property.
The first, which is has been tenanted for the last 6 months is "The Salty Crow", which is a vegan delicatessen which has become incredibly popular since it launched. The tenant has a 3 year lease which ends on June 31st 2025, with an annual rental income of £4740.
The second unit is currently being refurbished and will be ready in early 2023, however it has a similar footprint to the other and has already attracted interest from business owners looking to take a lease on.
Financial Services - If you would like to know if you can afford this property and how much the monthly repayments would be, Paul Hubbard Estate Agents can offer you recommendations on financial/mortgage advisors, who will search for the best current deals for first time buyers, buy to let investors, upsizers and relocators. Call or email in today to arrange your free, no obligation quote.
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Broadband availability and predicted speed: obtained from Ofcom on December 27, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 27, 2022
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
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Energy Performance data and Internal floor area
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