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141 London Rd N 33,050 SF Retail Building Lowestoft NR32 1ND $1,194,544 ($36.14/SF)
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- Redevelopment Project
- Solid Transport Links
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
33,050 SF
Building Class
B
Year Built
1950
Price
$1,194,544
Price Per SF
$36.14
Tenancy
Single
Building Height
2 Stories
Building FAR
1.46
Lot Size
0.52 AC
Frontage
88’ on London Road North
1 1
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141 London Rd N
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