Retail in NR32 available for sale
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Retail Properties for Sale in NR32, Lowestoft

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Explore the Latest NR32 Retail Properties for Sale

Including shops for sale, high street units, retail warehouses, petrol stations, showrooms, and leisure-focused retail spaces.

More details for 141 London Rd N, Lowestoft - Retail for Sale

141 London Rd N

Lowestoft, NR32 1ND

  • Retail for Sale
  • £895,000
  • 33,050 sq ft

Lowestoft Retail for Sale

The property is of brick construction under a flat roof offering extensive sales and ancillary accommodation over ground and first floor levels with parking and servicing at the rear off Police Station Road from Regent Street. To the front there is parking with bus stops nearby. The property has an established Class A1 (Retail) use but is considered suitable for a range of other commercial and residential uses, subject to planning. Planning permission (DC/23/1433/FUL) has been granted for the demolition of the existing building and construction of a five storey mixed use building comprising of residential dwellings (Class C3) on the upper stories and commercial (Class E) on the ground floor with cycle parking, bin storage and amenity space. The new development will comprise 45 flats

Contact:

Whybrow

Property Subtype:

Shopfront

Date on Market:

22/04/2025
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More details for 113 London Rd N, Lowestoft - Retail for Sale

113 London Rd N

Lowestoft, NR32 1LX

  • Retail for Sale
  • £250,000
  • 1,291 sq ft

Lowestoft Retail for Sale

Investment Consideration: Gross Initial Yield: 5.33% Rental Income: £20,000 p.a. VAT is applicable to this property Comprises large corner ground floor shop and a vacant self-contained ancillary accommodation above Planning approved for conversion of upper floors into 5-bedroom student HMO Located in the heart of the town centre with occupiers nearby including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct Property Description: Comprises three-storey corner building arranged as a ground floor shop t/a Mobile Phone Shop and self-contained ancillary accommodation at first and second floor accessed from the rear. The property benefits from parking for 2 cars at rear and provides the following accommodation and dimensions: Ground Floor: 120 sq m (1,291 sq ft) Open plan retail, Office, Kitchenette, WC First Floor: 120 sq m (1,291 sq ft) 3 Rooms, Bathroom Second Floor: 22 sq m (237 sq ft) 2 Rooms Development Opportunity: DC/24/3905/FUL Planning approved in January 2025 for conversion of first and second floor to a 5-bedroom student HMO. The planning has been designed as per existing layout without the need for any structural amendments, providing the following accommodation and dimensions: Approved First Floor: Bedroom 1 - 12.36 m (133 sq ft) Bedroom 2 - 10.30 sq m (111 sq ft) Bedroom 3 - 13.24 sq m (143 sq ft) Bedroom 4 - 14.30 sq m (154 sq ft) Communal kitchen/dining - 30.34 sq m (327 sq ft) 2 Communal bathrooms - 15.24 sq m (164 sq ft) Approved Second Floor: Bedroom 5 - 17.00 sq m (183 sq ft) En-Suite - 3.17 sq m (34 sq ft) Total approved GIA: 115.95 sq m (1,249 sq ft) For more information, please refer to East Suffolk Planning portal: Tenancy: The ground floor shop is at present let to T&S Mobile Repair Ltd (with personal guarantee) for a term of 10 Years from 27th August 2024 at a current rent of £20,000 p.a. and the lease contains full repairing and insuring covenants. Rent review (RPI linked) on 27.08.29. Tenant option to determine on 27.08.29 with minimum 6 months notice. Lease within Landlord & Tenant Act 1954. Deposit held of £5,000. Tenant pays reduced rent of £18,000 p.a. for the first year. The vendor will top-up rent so the buyer receives the equivalent to £20,000 p.a. from completion Location: Lowestoft is a coastal town and civil parish in the East Suffolk district of Suffolk, England. As the most easterly UK settlement, it is 110 miles north-east of London, 38 miles north-east of Ipswich and 22 miles south-east of Norwich, and the main town in its district. The property is situated 300 metres from Lowestoft Railway Station with nearby occupiers including Marks & Spencer, Tesco Express, Iceland, B&M, Superdrug, Boots the Chemist, Starbucks, Greggs and Sports Direct.

Contact:

Blue Alpine Partners Ltd

Date on Market:

30/06/2023
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LoopNet UK Suffolk Lowestoft Retail Properties For Sale in NR32, Lowestoft, UK

Learn More About Investing in Retail Properties

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FAQs about Retail property for sale in NR32

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in NR32?
There are currently 6 Retail Properties available for sale near NR32. These NR32 Retail Property listings have an average size of. The largest available listing in NR32 is. The thriving commercial centre and excellent transport links in NR32 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in NR32?
The average price/SF for Retail Property for sale in NR32 is about. The cost per sq ft for Retail Property in NR32 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in NR32?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in NR32?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in NR32 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the NR32, Lowestoft

With 6 retail units currently available for sale in NR32, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in NR32, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in NR32, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in NR32 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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