High Street, Lowestoft

Located on Lowestoft's historic High Street, this iconic building is a prominent landmark, renowned for housing the popular Sgt. Peppers restaurant.

Lowestoft, Suffolk, boasts a thriving community with an approximate population of 73,000 residents (2021 Census). As a beloved seaside destination, it is celebrated for its award-winning beaches and coastal charm. Recently, the town has experienced significant economic growth driven by the booming offshore renewables sector. Furthermore, the development of the Sizewell C nuclear power station, located approximately 26 miles away, is projected to bring an estimated 8,000 additional workers to the area, solidifying Lowestoft's reputation as an up-and-coming investment hotspot.
This substantial freehold property spans two adjoining townhouses and comprises a large ground-floor commercial unit and three residential flats, making it a versatile and attractive investment.

The commercial unit is leased as an open-plan, Beatles-themed restaurant with a basement and fully equipped commercial kitchen. The restaurant, which seats up to 110 diners, is currently on a 20-year lease that commenced in October 2022, generating an annual income of £52,000. This figure also includes the manager’s flat. The layout of the restaurant includes a welcoming entrance hall, a spiral staircase leading to the basement, a small bar area toward the rear, and a series of interconnected dining spaces. At the back of the restaurant, there is a dessert preparation area, main kitchen, prep room, stock room with chiller and freezer, beer cellar, and rear access for deliveries.

The manager’s flat is located on the first floor and accessed via a separate entrance. It comprises two bedrooms, a lounge, kitchen, and bathroom, offering spacious accommodation for on-site staff or tenants.

Additionally, the property includes two one-bedroom flats, each with a private entrance. Both flats feature a lounge, kitchen, and bathroom. They are currently let on separate assured shorthold tenancies, collectively generating an annual income of £11,100.

To the rear of the property is a dedicated service area for deliveries and bin storage, ensuring smooth operations for the commercial tenant.
This property represents a fantastic investment opportunity in a town poised for growth, with strong existing rental income and the potential for capital appreciation as Lowestoft continues to develop.