Office for sale
Property description & features
- Commercial investment opportunity currently generating £8,080pa.
- Basement and ground floor currently tenanted, with first floor unit vacant and available to rent.
- Located on busy Bridge Road in Oulton Broad, benefitting from high footfall and passing traffic on weekdays and weekends.
- 5 private parking spaces to the rear of the property with separate access.
- Asking price of £130,000 and available to view immediately.
- 6.22% yield at current asking price with 1 vacant unit.
Bridge Road, Lowestoft - Paul Hubbard Commercial is pleased to present this unique commercial investment opportunity situated in Oulton Broad, Lowestoft.
Located on Bridge Road, a highly popular area in sought after Oulton Broad, this unit comprises of 3 separate commercial spaces, 2 of which are currently tenanted and 1 of which is vacant.
Set across 3 floors and benefitting from private parking to the rear for up to 5 vehicles, this spacious unit is currently generating a rental income of £8,080pa, with opportunities to increase this by renting out the vacant top floor.
The ground floor unit is home to a local insurance company which is generating £6,000pa. This includes the shop front which is a large, floor to ceiling window and separate entrance, an office with space for up to 4 people, a small kitchenette and access to shared WCs.
Accessible by either the front or rear entrance, the basement unit is currently occupied by a media company which generates £2,080pa. This unit includes a long and spacious office/storage space, with a separate kitchen area and access to shared WCs on the same floor.
The first floor of the property was previously let to a successful barbers for £2,280pa, however there is scope to improve this figure should the new owner wish to rent this space out once again.
This property presents a number of options for an investor, whether that's continuing to benefit from the rental income or a possible conversion to residential subject to planning.
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