About this property

Key Features

Planning consent for 2 flats to be constructed above current building
Current rent of £26,000 per annum
Investment property in popular seaside town


An interesting commercial investment property in the popular seaside town of Lowestoft. The property is fully let, but also offers the potential to add value, with approved planning consent to build 2 flats in the air space above the current single storey structure. The current layout presents a single storey retail space with approximately 74m² (800ft²) of sales area and a further store/staff room and cloakroom totalling 7.4m² (80ft²). Outside, there is a generous rear yard, with separate side access. The property is fully let to VPZ on a 10 year lease from the 5th June 2019, at a rent of £26,000 pax. The full repairing and insuring lease has a break and rent review at the end of the 5th year. 69 London Road North presents a wonderful chance to acquire a high yielding investment opportunity, that also offers a rare chance to add significant value through the construction of the first and second floor flats in the air space above.


Freehold subject to lease


The property occupies a busy position, with nearby occupiers including, Greggs, Marks and Spencer, Boots, Barclays, Santander and The Post Office. The town is a popular tourist area which offers a wide variety of shops, facilities and services.

Lot Type



Planning permission was granted on the 6th June 2019 for the addition of first and second floors, to form 2 x 2 bed flats. East Suffolk Council ref: DC/19/1015/FUL The proposed flats benefit from a shared staircase to the rear of the property, with each flat providing the following accommodation: Open plan living/kitchen area, 2 bedrooms each with en-suite shower room, further cloakroom, along with bin and cycle storage to the rear of the property.

Legal Packs

www.cheffins.co.uk/auctions/property-auctions or Lisa Cardy of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS


Cheffins Property Auction Dept 01223 213777

Important notes

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Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�