102 High Street, Lowestoft, Suffolk NR32 1XW

Description

Characterful Grade II listed property offering an opportunity to combine home and business in one inspiring setting An opportunity to acquire a Grade II listed commercial property in the heart of the historic High Street Conservation Area in Lowestoft. Previously operating as an established retail gallery. The property benefits from planning permission and listed building consent for conversion to a live/work gallery space, offering excellent scope for owner-occupiers, investors, or those seeking a unique mixed-use property. Behind the attractive façade lies versatile accommodation with considerable flexibility, subject to any necessary consents. A particular feature of the property is the delightful private rear garden, providing a peaceful retreat within the town centre, together with the unusual advantage of sea views. Planning applications and associated documents are available via the East Suffolk planning portal: publicaccess.eastsuffolk.gov.uk/online-applications/ Interested parties should search using the following reference numbers: DC/25/0124/FUL DC/25/0125/LBC

Location

102 High Street, Lowestoft, Suffolk NR32 1XW. Located in the NR32 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆