The property spans 0.36 acres and as well as the showroom it includes a large workshop, offices and a four-bedroom flat which requires refurbishment.
Marketed by Auction House East Anglia the mixed-use commercial property at 67-77 London Road South in Kirkley, Lowestoft is set for auction.
It is being offered on a freehold tenure and will be auctioned off on December 9 with a guide price of £275,000 – £300,000, plus fees.
Earlier this year, the property was put up for sale as it was marketed by Paul Hubbard Commercial for £375,000.
Now, it is due for auction next month and is being offered at a lower price.
A property description from the auctioneers said: “Mixed-use property of 15,495sq ft (0.36 acres) situated in a prominent location.
“Ideal development opportunity subject to planning.
“The premises comprises a substantial mixed-use property situated in one of Lowestoft’s main commercial areas.
“The property consists of a former car showroom with a large workshop area with access from the rear – on St. Johns Road – multiple offices and ancillary accommodation at ground floor level, together with a large self-contained residential flat above.
“The ground floor commercial element provides extensive showroom space to the front with a large workshop to the rear, in addition to several private offices, WCs and supporting areas.”
The layout of the property, auctioneers say, “offers flexibility and may lend itself to subdivision, allowing the premises to be occupied by multiple businesses or let as separate commercial units, subject to any necessary consents.”
They added: “Opportunity for development of the site, subject to planning.”
The four-bedroom flat is currently vacant and in need of full refurbishment, which the auctioneers say presents “an opportunity for improvement and potential value uplift.”
With parking and yard space at both the front and back of the property, plus a separate brick-built storage unit at the rear, the auctioneers added: “The overall site may offer development potential subject to planning permission.”
