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Contact Property Investor App

Property Investor App

Posting for 3+ years

0190277XXXX

4 bedroom house in High Street, Lowestoft, Suffolk, NR32 1HN

Lowestoft, Suffolk

£290,000.00

Property Investor App

Posting for 3+ years

See all ads

Contact Property Investor App

0190277XXXX

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Posted
4 days ago
Seller Type
Agency
Property Type
House
Number Of Bedrooms
4

Description

Development Opportunity

2 Commercial Units with Full Planning Permission

Conversion of Upper Floors to 4 x 1 Bedroom Apartments

High Street, Lowestoft, Suffolk, NR32 1HN

Purchase Price = £290,000

Gross Development Value = £500,000 - £550,000

Finder¢--s Fee = £5,000 + Vat

Total Potential Gross Income = £2,950 pcm = £35,400 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £2,016 pcm = £24,192 per annum

Self Managed = £2,370 pcm = £28,440 per annum

For a limited time only, we have managed to secure a development opportunity in Lowestoft, Suffolk.

The property has full planning permission to convert upper floors to four apartments. The conversion cost for four apartments is approximately £80,000 - £100,000 as quoted by local contractor. Grants are also available to potentially upgrade the exterior.

The property is conveniently situated in a very sought after area with great transport connections, local shops and all local amenities.
Agent: Property Investor App Limited
Agent Ref: 000061020_71

Ad ID: 1423650494


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