Guide price
£480,000
Block of flats for sale141-142 High Street, Lowestoft, Suffolk NR32
EPC Rating: B
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 21 Oct 2026 at 10:00
Venue: Livestream Auction
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
EPC Rating: B, C and D
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides 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. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream Auction
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
EPC Rating: B, C and D
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides 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. Each 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.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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