LOT 00
GUIDE PRICE: £550,000 - £575,000
Flats 1A, 1, 2, 3, 4, 5, 6 & 7, 28-29 Marine Parade, Lowestoft, Suffolk, NR33 0QL
Solicitor Details
Norton Peskett Solicitors, 148 London Road North, Lowestoft, Suffolk NR32 1HF Tel: (01502) 533022 ~ S Knight
*Guide Price & Reserves
RESIDENTIAL INVESTMENT / 8 FLATS
Property Description
A substantial 4 storey Victorian property providing 8 self contained flats with double glazing, electric heating and communal car parking.
Location:
- The property is located opposite Lowestoft Beach, between the South Pier and Claremont Pier, therefore benefitting from superb sea views across all three floors
- The property is also conveniently located within walking distance of Kirkley High Street and Lowestoft Town Centre
Tenure
- Freehold, subject to existing tenancies
- Tenancies are all holding over
UNIT / FLOOR
ACCOMMODATION[
SQFT (SQM)
EPC
AST
RENT £ PAX
1A - Basement with private front entrance
Hallway, lounge, kitchen, bedroom, shower room, large patio
593 (55)
48, E
expired2 months from 23.08.2023
6,540
1 - Lower G/F
Lobby, lounge/kitchen, bedroom, shower room
522 (51)
63, D
expired6 months from 16.05.2023
6,300
G/F
Entrance hallway with stairs to upper floors and lower ground floor flat
Flat 2 - G/F
Hallway, lounge, kitchen, bedroom, shower room
527 (49)
57, D
expired6 months from 22.07.2019
5,100
Flat 3 - G/F
Hallway, lounge, kitchen, bedroom, shower room
501 (47)
56, D
expired2 months from 09.09.2023
6,540
Flat 4 - F/F
Lobby, lounge, kitchen/diner, bedroom, large bathroom
460 (43)
49, E
expired6 months from 01.03.2024
7,500
Flat 5 - F/F
Hallway, lounge, kitchen, bedroom, shower room
475 (44)
66, D
2 months from 11.07.2023
5,610
Flat 6 - 2/F
Lobby, lounge, kitchen/diner, bedroom, large bathroom
460 (43)
46, E
expired2 months from 05.09.2023
5,520
Flat 7 - 2/F
Hallway, lounge, kitchen, bedroom, shower, WC
433 (40)
66, D
expired2 months from 19.08.2023
6,180
Outside
Front garden with pathway and steps to open porch and down to the basement level, rear communal car parking
Current Rental Income
56,760
Estimated Rental Income
62,400
Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
