Mixed Use Investment for Auction Lowestoft NR32 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Wed, 11/09/2024 - 09:00

Guide Price £260,000 - £280,000. Public house with two recently refurbished two bedroom flats above. Benefits from parking to the rear. Currently let producing £32,400 pa. Situated in a prominent position, this popular pub occupies a stunning historic building. The owner has also in the past two years made major improvements to the interior of the building costing £125,000 to include rewiring, new fire alarms, plumbing renewed and the roof has had repairs. Two generous flats have been completely refurbished and are currently yielding £1,200 pcm on a fixed term lease agreement with 3 years remaining, and have self-contained electric supplies. The pub is yielding £1,500 pcm and has a lease until 12/11/2028 which commenced recently. This is a great ready made investment property. The basement does have planning permission for conversion to a further flat.

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