141-142 High Street, Lowestoft, Suffolk NR32 1HR
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- High yielding freehold residential investment
- Eight self contained flats and off road parking
- Producing over £51,000 pa
- Guide price: £480,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 21st October 2026
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 21ST OCTOBER 2026 AT 10:00AM. TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
High yielding freehold residential investment comprising eight flats let producing over £51,000 pa
Known as Logun Court this modern block of flats was built in 2007. It comprises eight let flats producing £50,868 pa. In addition there is £150 pa ground rent income from flat 6 and 8 and the high street shop which were sold off on long leases. Three of the eight flats are let to Waveney District Council and the other five flats are let to individuals. Four of the flats are located above and behind the high street shop at the front and four are located at the rear accessed from Gun Lane. Flat 6 sold for £91,000 in 2019 and flat 8 for £111,000 in 2023 giving an investor scope to sell the 8 flats off individually.
This is an ideal opportunity for an investor looking for a high yielding investment or to sell the flats off individually.
Description Flat 1: two bedroom 58 sq/ m mid floor flat let at £632 pcm (£7,584 pa)
Flat 2: one bedroom 57 sq/m mid floor flat let at £500 pcm (£6,000 pa)
Flat 3: one bedroom 44 sq/m top floor flat let at £515 pcm (£6,180 pa)
Flat 4: one bedroom 44 sq/m mid floor flat let at £485 pcm (£5,820 pa)
Flat 5 two bedroom 59 sq/m ground floor flat let at £632 pcm (£7,584 pa)
Flat 7: one bedroom 58 sq/m flat with parking space let at £565 pcm (£6,780 pa)
Flat 9: two bedroom 40 sq/m top floor flat let at £535 pcm (£6,420 pa)
Flat 10: two bedroom 44 sq/m top floor flat let at £625 pcm (£7,500 pa)
Outside Off road parking at rear accessed off Gun Lane.
Council Tax Band A
Tenure: Freehold
EPC Rating: B, C and D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
141-142 High Street, Lowestoft, Suffolk NR32 1HR
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Visit our security centre to find out moreDisclaimer - Property reference 202606181435sq_o7co. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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