Mixed use for sale
Property description & features
- Two separate commercial units with huge potential
- Currently operating as a music shop and cafe
- Just under 3000sq ft of floorspace
- Huge potential to extend the property with an additional floor above
- Fantastic investment opportunity
- Possible conversion opportunity for a mixed-se property
- Space for 3/4 flats with 1/2 commercial units on the ground floor
- GDV figures available depending on client requirements
- A stone's throw from Lowestoft town centre, high street and train station.
- All options above subject to agreeing separate sales and obtaining planning permission
Paul Hubbard Commercial and Steel & Co are delighted to present a unique opportunity to purchase two separate adjoining commercial units in Lowestoft town centre. Both properties are being sold by separate owners, however due to previous enquiries about purchase the freehold for the entire building, they are now being marketed together.
Combined, the properties cover a floorspace of just under 3000sq ft, however there would be opportunities to add another floor to this subject to planning permission. Based on the current size, we estimate there would be sufficient floorspace for 3-4 spacious flats, and one good sized commercial unit on the ground floor.
All of the above would be subject to obtaining the correct planning permission, as well as agreeing sales individually with both vendors. We are happy to provide GDV figures for any conversions once drawings have been completed.
11 Grove Road, Lowestoft
Spacious, distinctive and unique commercial unit available for sale in Lowestoft town centre, Suffolk.
For over 10 years the property has been used by a successful, family run music shop, however due to relocation of the business, the building is now available for sale.
Set across two floors and with around 1400sq ft of floorspace, the property is very spacious and has a lot of potential, both as a commercial property or potentially a residential conversion.
The property currently consists of two retail areas, one on the ground floor and one on the first floor, two practice rooms, a store room/stock room on the first floor, a kitchen area and a WC. The property has a "flying freehold", so part of the first floor is positioned above a small cafe.
The current owner has refurbished most of the shop since it was purchased, including replacing all of the lights, building two practice rooms for music lessons, replacing the roof and painting the outside of the shop.
The property doesn't have a gas connection however the mains gas supply is located very close by so the new owner should not have any issues getting connected.
Location wise, the property is situated within a couple of minutes of Lowestoft train station, bus station, South Beach and the high street, so it's perfectly located to make the most of the hustle and bustle of the town centre on a daily basis.
11a Grove Road
Great opportunity to purchase a ready to go Café or as a development site for a variety of uses. Just off the main shopping centre of Lowestoft and set across two floors, this well decorated and fully fitted establishment could be used for a variety of hospitality/eatery commercial businesses or developed into residential.
This versatile, fully alarmed space, Includes entrance counter, shop front shelving, walk-in freezer, industrial kitchen with many appliances and ample storage.
For more information or to arrange a viewing, please contact Jack Taylor at Paul Hubbard Commercial or Darren Steel at Steel & Co.
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