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153-157 London Rd N 2,272 sq ft 100% Let Retail Property Lowestoft NR32 1NB £450,000 (£198.06/sq ft) 10.93% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located on the main pedestrianised thoroughfare
- Occupiers close by include Halifax and a number of local traders
- Includes rear yard, with parking for six cars
EXECUTIVE SUMMARY
Lot 62 was available for sale at an Allsop online auction to be held on Thursday 20th of March 2025.
The property comprises an investment freehold opportunity for sale.
The asking price is £450,000, representing a gross initial yield of 10.93%.
The property comprises an investment freehold opportunity for sale.
The asking price is £450,000, representing a gross initial yield of 10.93%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,272 sq ft
Costar Property Class
B
Year Built
1979
Price
£450,000
Price per sq ft
£198.06
Yield
10.93%
NOI
£49,185
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.34
Total Plot Size
0.15 ac
Parking
2 Spaces (0.88 Spaces per 1,000 sq ft Leased)
Frontage
39 ft on London Rd North
AMENITIES
- EPC - C
- EPC - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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153-157 London Rd N
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