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153-157 London Rd N 2,272 SF 100% Leased Retail Building Lowestoft NR32 1NB $600,609 ($264.35/SF) 10.93% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on the main pedestrianised thoroughfare
- Occupiers close by include Halifax and a number of local traders
- Includes rear yard, with parking for six cars
EXECUTIVE SUMMARY
Lot 62 was available for sale at an Allsop online auction to be held on Thursday 20th of March 2025.
The property comprises an investment freehold opportunity for sale.
The asking price is £450,000, representing a gross initial yield of 10.93%.
The property comprises an investment freehold opportunity for sale.
The asking price is £450,000, representing a gross initial yield of 10.93%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,272 SF
Building Class
B
Year Built
1979
Price
$600,609
Price Per SF
$264.35
Cap Rate
10.93%
NOI
$65,647
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.34
Lot Size
0.15 AC
Parking
2 Spaces (0.88 Spaces per 1,000 SF Leased)
Frontage
39’ on London Rd North
AMENITIES
- Energy Performance Rating - C
- Energy Performance Rating - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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153-157 London Rd N
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