105 - 106 High Street, Lowestoft, Suffolk NR32 1XW

Description

A substantial freehold town centre restaurant with potential to redevelop into alternative uses This three storey building was formally a cinema but most recently was used as a Chinese restaurant. The property which extends to 6,000 sq ft includes a managers flat and has obvious potential for a number of alternative uses including residential on the upper floors. The ground and first floors consist of restaurant areas, kitchen, customer toilets and storage whilst on the second floor there is additional storage and a managers flat. The premises are in an area of established shops and restaurants, not far from the sea front, railway station and main shopping street.

Location

105 - 106 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: Commercial / Mixed-Use Investment. 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 commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆