St. Peters Street, Lowestoft

An excellent opportunity to acquire a substantial mixed-use freehold property comprising a versatile ground floor commercial premises together with a
self-contained one-bedroom flat above, offering both owner-occupier and investment potential.

The ground floor commercial unit extends to approximately 70.6 sq. metres (760 sq. ft.) and offers flexible accommodation suitable for a variety of uses including retail, café, office, studio, wellness, or other service-based businesses, subject to the necessary consents.
The commercial accommodation is arranged around a spacious front retail/seating area measuring approximately 4.25m x 4.28m, creating an inviting customer-facing environment with excellent potential for displays, seating, reception, or client interaction. The layout provides a practical balance between public and operational space, making it well suited to both independent operators and established businesses alike.

To the rear of the property are two useful ancillary rooms which could be utilised as storage, treatment rooms, offices, preparation areas or additional
workspace depending on business requirements. A substantial store/staff room further enhances the functionality of the unit, providing generous back-of-house accommodation. Additional benefits include a fitted kitchen, separate WC, dedicated shower room, internal hallway, and further storage facilities, ensuring excellent convenience for staff and day-to-day operations.

Occupying the first floor is a well-presented self-contained one-bedroom flat, extending to approximately 33.6 sq. metres (361 sq. ft.), with its own independent access. The accommodation comprises a spacious open-plan lounge/dining room with fitted kitchen, a double bedroom, modern ensuite shower room, and useful internal storage. The residential accommodation is currently let and generates an income of £550 per calendar month, providing an immediate return for investors.

The commercial premises were previously let at £500 per calendar month, with an anticipated market rental of around £600 per calendar month, offering a potential combined gross rental income of approximately £1,150 per calendar month (£13,800 per annum) when fully let.

This versatile mixed-use property presents an excellent opportunity for investors seeking dual income potential, or owner-occupiers wishing to operate a business from the ground floor whilst benefiting from additional residential rental income above.