For Sale
1,720 Sq Ft

Bevan Street East, Lowestoft

  • Availability: For Sale
Mixed-use investment property with two long term sitting tenants, situated busy town centre location....

Key Features

  • Mixed-use investment opportunity currently generating £11,400pa.
  • Ground floor commercial unit occupied by hairdresser and beautician, and upper floors occupied by long term residential tenant.
  • Located in busy commercial area of Lowestoft, just a stone’s throw from the main high street and train station.
  • 7.6% yield at current asking price, with potential for future rent reviews.
  • Asking price of £150,000 and available to view immediately.

Full property description

Mixed-use investment property with two long term sitting tenants, situated busy town centre location.

Bevan Street East, Lowestoft.
Paul Hubbard Commercial is pleased to present this centrally located, mixed-use investment opportunity situated in Lowestoft, Suffolk.

Situated on Bevan Street East, just a stone’s throw from Lowestoft train station and high street, this property comprises two tenanted units, a ground floor salon and 1st and 2nd floor maisonette.

The commercial tenant signed a 3 year lease agreement in December 2023, and is currently paying £450pcm (£5,400pa). The unit itself has a prominent frontage on a busy commercial road and has approximately 625sq ft of floorspace. The unit is well-decorated throughout, with a number of hairdressing stations, a separate treatment room at the rear of the property, as well as a WC and rear access via a small courtyard.

The residential tenant has been in situ for a number of years and currently pays £500pcm (£6,000pa), bringing the total income for the entire unit to £950pcm and £11,400pa. The maisonette is accessible from Clapham Road South and is set across two floors, with approximately 1100sq ft of floorspace. There are two large double bedrooms, a kitchen, bathroom and living room with large bay windows allowing lots of light into the property.

This property is an ideal investment opportunity which at its current asking price, represents a yield of 7.6%.


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