Former Restaurant And Bar Premises For Improvement And Repair On The Seafront

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Clive Emson hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 15 Oct 2026.

Clive Emson's record

About the lot

Freehold leisure lot in Lowestoft. Offered vacant, so there's no income from day one.

Lot 90, Vacant Commercial. This established and substantial five-storey former restaurant and bar premises is situated on the seafront of the Suffolk coastal town of Lowestoft. Lowestoft offers town centre shopping, bars, restaurants and recreational facilities with additional retail parks and green open spaces, also a destination town with white sandy beaches and transportation links including Lowestoft railway station and vehicular access via the A12. The subject property is situated on the Esplanade directly opposite the statue of Triton between the Claremont Pier and South Pier. The building is in need of improvement throughout but offers great potential for reopening as a bar/restaurant or may offer potential for other uses subject to all necessary consents being obtainable. Ground Floor: Main entrance reception area, main bar area with sea facing windows and dancefloor, W.C., office, storage room and inner hallway with stairs and lift. Lower Ground Floor/Basement Level: Inner hallway, multiple storage rooms, male and female cloakroom/W.Cs and beer cellar. First Floor: Main restaurant dining area and bar, kitchen, storage room, cloakroom/W.C's and access to staircases. Second Floor: Main office/store room, spiral staircase to upper level, preparation area, cloakroom/W.C., access to staircase and additional office. Third Floor: Main hallway with seven rooms with shower room, separate W.C., utility area and store rooms. Outside: Fronting the Esplanade and seafront there is a forecourt parking area and terrace with additional parking area to the rear of the building accessed from Marine Parade (B1532) and Parade Road South. Auctioneer's Note: The floorplan has been provided by our Joint Auctioneers and is for guidance purposes only. Freehold with Vacant Possession