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2 Surrey Street & 55-57 London Rd N 2,850 SF 100% Leased Retail Building Lowestoft NR32 1LS $595,172 CAD ($208.83 CAD/SF) 12.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Lowestoft is a coastal town located some 22 miles south east of Norwich and 38 miles north east of Ipswich
- Lowestoft Rail Station provides regular services to Norwich and Saxmundham
- The town benefits from good road communications by being at the junction of the A12 and the A47, and close to the A146
- The property is situated within the pedestrianised town centre in a prominent corner position on the west side of London Road North, at its junction w
EXECUTIVE SUMMARY
Lot 152 was available for sale at an Allsop online auction that was held on Tuesday 30th September 2025.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000, representing a gross initial yield of 12.72%.
The property comprises an investment freehold opportunity for sale.
The asking price is £320,000, representing a gross initial yield of 12.72%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,850 SF
Building Class
B
Year Built
1945
Price
$595,172 CAD
Price Per SF
$208.83 CAD
Cap Rate
12.72%
NOI
$75,706 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.26
Lot Size
0.25 AC
AMENITIES
- Signage
- Storage Space
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NEARBY MAJOR RETAILERS
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2 Surrey Street & 55-57 London Rd N
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