98 & 100 London Road North98 & 100 London Road North, Lowestoft

The property comprises a high yielding retail investment and potential development opportunity let to two established tenants and situated on a pedestrianised street in Lowestoft. Arranged as two ground floor retail units with associated upper parts, the ground floor units are both let to the recognised High Street retailers Waterstones and Savers. Both tenants have recently displayed commitment to the location, with Waterstones agreeing a new four year lease in April 2024 and Savers not exercising their 2024 break option. The units are producing a total combined rent of £60,125 per annum. The upper parts are offered with full vacant possession. These were previously used as ancillary office/storage areas but we consider there may be potential to convert to alternative uses, including residential. Moreover, we consider there may be potential to increase massing and develop additional first and second floor accommodation across the remainder of the property (subject to obtaining any requisite consents). The property occupies a prominent corner pitch and forms part of the principal pedestrianised retail area of Lowestoft. Nearby occupiers include Starbucks, Tesco, B&M and Specsavers. The Britten Centre is immediately opposite the property.