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144-145 High St 9,147 SF Retail Building Lowestoft NR32 1HR $240,243 ($26.26/SF)



INVESTMENT HIGHLIGHTS
- Freehold mixed-use building in a prime High Street location
- Multiple self-contained flats across first and second floors
- Ground floor 1 / 2 Commercial units with strong retail frontage
EXECUTIVE SUMMARY
144–145 High Street is a prominent freehold building situated in the heart of Lowestoft.
A well-sized 1 or 2 commercial unit/s on the ground floor, each with their own entrance door also with residential flats above, the property was subject to fire damage but now presents a unique redevelopment and investment opportunity.
Planning permission has been secured for the reinstatement of the property, providing buyers with confidence that the scheme is ready to proceed. Once completed, the building will offer a refurbished commercial unit alongside a portfolio of modern self-contained flats, all compliant with current building regulations, fire safety requirements, and energy performance standards.
The approved scheme reinstates the ground floor retail unit, which benefits from direct High Street frontage, an open-plan sales area, and ancillary storage to the rear. Additional features include staff welfare facilities, making the unit suitable for a wide range of occupiers, from independent retailers to service providers and food and beverage operators.
A well-sized 1 or 2 commercial unit/s on the ground floor, each with their own entrance door also with residential flats above, the property was subject to fire damage but now presents a unique redevelopment and investment opportunity.
Planning permission has been secured for the reinstatement of the property, providing buyers with confidence that the scheme is ready to proceed. Once completed, the building will offer a refurbished commercial unit alongside a portfolio of modern self-contained flats, all compliant with current building regulations, fire safety requirements, and energy performance standards.
The approved scheme reinstates the ground floor retail unit, which benefits from direct High Street frontage, an open-plan sales area, and ancillary storage to the rear. Additional features include staff welfare facilities, making the unit suitable for a wide range of occupiers, from independent retailers to service providers and food and beverage operators.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
9,147 SF
Building Class
C
Year Built
1990
Price
$240,243
Price Per SF
$26.26
Tenancy
Single
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.21 AC
Frontage
46’ on High Street
1 1
NEARBY MAJOR RETAILERS
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144-145 High St
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