12 bed flat for sale

Grand Avenue, Lowestoft, Suffolk NR33

Freehold Residential Investment Opportunity | Entire Block For Sale with Tenants in Situ | Prime Seafront Location

An exceptional opportunity to acquire a purpose-built block of six self-contained flats, offered as a single freehold investment with all tenants in situ, generating an immediate and established income stream.

Occupying a prominent position overlooking Lowestoft's picturesque seafront, this substantial residential investment benefits from stunning sea views and a highly desirable coastal setting, ensuring continued tenant demand and long-term investment appeal.

The building comprises a mix of well-maintained apartments, all currently occupied under existing tenancy agreements. Two of the flats have been recently refurbished, enhancing both rental potential and future capital growth prospects. The entire block benefits from uPVC double glazed windows and doors together with gas central heating throughout, providing comfortable and efficient accommodation for residents.

Externally, the property enjoys a generous private car park, offering ample off-road parking for occupiers, alongside the added benefit of four single garages, presenting further income opportunities or valuable tenant amenities.

This fully let investment currently produces a healthy rental yield of 5.33%, making it an attractive proposition for investors seeking an established, income-producing asset in a sought-after coastal location.

Agents Note : Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.