Florence Road, Lowestoft

Summary
Paul Hubbard Commercial are are excited to offer a unique opportunity, available for the first time in over 50 years. In one of the most sought after areas in Pakefield, close to the beach, this 1/2 acre+ residential/commercial site, has huge development potential and opportunity to add significant value.

This rare to market property is located in the heart of Pakefield, a coastal village in the Suffolk region of England. The four-bedroom family home boasts a unique mid-century design that is both spacious and welcoming. The house is surrounded by beautifully landscaped gardens that offer a peaceful and serene atmosphere.

In addition to the family home, the property also features 1x two-storey and 1x three-storey commercial buildings/outhouses that have a rich fishing heritage. These units offer a glimpse into the area’s history whilst combining an attractive opportunity for residential development STP. The central workshops on the property are an added bonus, providing ample space for a variety of commercial or personal uses.

The property’s location is also a major selling point, as it is situated in a prime position that offers easy access to all the amenities that Pakefield has to offer. The village is known for its stunning coastline, beautiful beaches, and rich cultural heritage.

Residential Unit
UTILITY ROOM - 5.3m x 3.5m - Aluminium double glazed door opening to side aspect, aluminium double glazed window to rear aspect, carpet flooring and opening to inner hall. Mid century units below wooden work surface with inset stainless steel sinks drainer. Spaces for washing machine, tumble dryer and fridge freezer.

INNER HALL - Stairs leading to first floor landing, carpet flooring, doors opening to kitchen/breakfast room and into lounge and storage cupboard

KITCHEN/BREAKFAST ROOM - 4.9m x 3.9m - X4 aluminium double glazed windows to front and side aspects. Carpet flooring, mid century fitted units above and below work surfaces with inset stainless steel sink and drainer. Integrated oven with grill and induction electric hob. Tiled splash back and original lighting. Door opens into dining room.

DINING ROOM - 4.7m x 3.7m - Aluminium double glazed window to front aspect, carpet flooring and opening into lounge.

LOUNGE - 6.3m x 4.8m - Aluminium double glazed sliding door to rear garden, carpet flooring and cast iron open fireplace.

STAIRS TO FIRST FLOOR LANDING - Aluminium double glazed window to side aspect, carpet flooring, doors opening to bathroom, bedrooms 1-4.

BATHROOM - 3.0m x 2.6m - Aluminium double glazed window to side aspect, carpet flooring, panelled bath with shower head attached, his and hers sink, toilet and bidet.

Development Opportunities
This site lends itself perfectly for development due to the size, layout and location of the plot.

There is currently no planning permission in place, however drawings have previously been completed to show a fully developed site option, including 12 additional residential units to the existing house, plus parking spaces for each of these units. This would inflate the GDV to in the region of £3.5M.

All figures are purely a guide to the potential of the site and all prospective buyers should do their own research on local values and get planning advice if this is something you are looking to undertake.