1,557 Sq Ft
£130,000

Bridge Road, Lowestoft

  • Type: Office
  • Availability: For Sale
Commercial investment property with two sitting tenants and one vacant unit, situated in sought after location of Oulton Broad....
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Key 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.


Full property description


Commercial investment property with two sitting tenants and one vacant unit, situated in sought after location of Oulton Broad.

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.



floorplan

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